Fidelity Wise Origin Bitcoin Fund (FBTC) Traded Down 6.5 %

The business has a 50 day simple moving average of $56.67.

Fidelity Wise Origin Bitcoin Fund (NYSEARCA:FBTC) stock traded down 7.6% on Friday. The company traded as low as $48.50 and last traded at $48.83. 2,119,414 shares were traded during mid-day trading, a decline of 76% from the average session volume of 8,963,414 shares. The stock had previously closed at $52.87.

Several institutional investors and hedge funds recently increased or decreased their FBTC positions. Jane Street Group LLC acquired a new position in Fidelity Wise Origin Bitcoin Fund in the 1st quarter, valued at $185,228,000. IMC Chicago LLC acquired a new position in shares of Fidelity Wise Origin Bitcoin Fund in the 1st quarter, valued at approximately $22,893,000. Legacy Wealth Asset Management LLC acquired a new position in shares of Fidelity Wise Origin Bitcoin Fund in the 1st quarter, valued at approximately $21,882,000. United Capital Management of KS Inc. acquired a new position in shares of Fidelity Wise Origin Bitcoin Fund in the 1st quarter, valued at approximately $21,684,000. Finally, EverSource Wealth Advisors LLC acquired a new position in shares of Fidelity Wise Origin Bitcoin Fund in the 1st quarter, valued at approximately $17,322,000.

The Fidelity Wise Origin Bitcoin Fund (FBTC) is an exchange-traded fund that primarily invests in long btc, short usd currency. The fund is passively managed, providing 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.

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