Fidelity Wise Origin Bitcoin Fund (NYSEARCA:FBTC) Shares Gap Down to $58.31

Fidelity Wise Origin Bitcoin Fund (NYSEARCA:FBTC) shares gapped down prior to trading on Tuesday . The stock had previously closed at $58.31, but opened at $56.73. Fidelity Wise Origin Bitcoin Fund shares last traded at $56.76, with a volume of 597,043 shares traded.

Fidelity Wise Origin Bitcoin Fund Price Performance

The firm’s fifty day simple moving average is $57.60.

Hedge Funds Weigh In On Fidelity Wise Origin Bitcoin Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC acquired a new stake in Fidelity Wise Origin Bitcoin Fund during the first quarter worth about $185,228,000. IMC Chicago LLC acquired a new stake in shares of Fidelity Wise Origin Bitcoin Fund in the first quarter valued at $22,893,000. Legacy Wealth Asset Management LLC acquired a new position in shares of Fidelity Wise Origin Bitcoin Fund during the first quarter worth approximately $21,882,000. United Capital Management of KS Inc. bought a new position in Fidelity Wise Origin Bitcoin Fund in the 1st quarter valued at $21,684,000. Finally, EverSource Wealth Advisors LLC acquired a new stake in Fidelity Wise Origin Bitcoin Fund in the first quarter worth about $17,322,000.

About Fidelity Wise Origin Bitcoin Fund

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.