Fidelity Wise Origin Bitcoin Fund (BATS:FBTC) Shares Up 5.2% – Should You Buy?

Fidelity Wise Origin Bitcoin Fund (BATS:FBTCGet Free Report) traded up 5.2% during trading on Friday . The company traded as high as $60.51 and last traded at $59.89. 6,019,119 shares traded hands during mid-day trading, a decline of 21% from the average session volume of 7,600,573 shares. The stock had previously closed at $56.91.

Fidelity Wise Origin Bitcoin Fund Stock Performance

The stock’s 50 day simple moving average is $75.11 and its two-hundred day simple moving average is $88.30.

Fidelity Wise Origin Bitcoin Fund Company Profile

(Get Free Report)

The Fidelity Wise Origin Bitcoin Fund (FBTC) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund is passively managed, offering exposure to the daily USD spot price of bitcoin (BTC) using a Bitcoin price feed. An investment in the fund is not a direct investment in bitcoin. FBTC was launched on Jan 10, 2024 and is issued by Fidelity.

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