Fidelity Wise Origin Bitcoin Fund (NYSEARCA:FBTC) Shares Gap Up – What’s Next?

Fidelity Wise Origin Bitcoin Fund (NYSEARCA:FBTC)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $67.18, but opened at $71.64. Fidelity Wise Origin Bitcoin Fund shares last traded at $72.44, with a volume of 3,003,410 shares trading hands.

Fidelity Wise Origin Bitcoin Fund Stock Performance

The firm has a 50-day moving average price of $56.65 and a 200 day moving average price of $55.77.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Jane Street Group LLC acquired a new position in Fidelity Wise Origin Bitcoin Fund in the first quarter valued at $185,228,000. D. E. Shaw & Co. Inc. raised its position in shares of Fidelity Wise Origin Bitcoin Fund by 3,549.6% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,715,300 shares of the company’s stock worth $89,882,000 after purchasing an additional 1,668,300 shares during the period. Susquehanna International Group LLP lifted its position in Fidelity Wise Origin Bitcoin Fund by 90.1% in the 2nd quarter. Susquehanna International Group LLP now owns 2,565,485 shares of the company’s stock valued at $134,585,000 after purchasing an additional 1,216,071 shares during the last quarter. EverSource Wealth Advisors LLC bought a new position in shares of Fidelity Wise Origin Bitcoin Fund in the first quarter worth $17,322,000. Finally, RPO LLC acquired a new stake in Fidelity Wise Origin Bitcoin Fund in the first quarter worth approximately $14,754,000.

Fidelity Wise Origin Bitcoin Fund Company Profile

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.