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

Fidelity Wise Origin Bitcoin Fund (NYSEARCA:FBTC)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $79.45, but opened at $82.64. Fidelity Wise Origin Bitcoin Fund shares last traded at $82.66, with a volume of 1,084,774 shares traded.

Fidelity Wise Origin Bitcoin Fund Price Performance

The firm’s 50 day simple moving average is $64.61 and its two-hundred day simple moving average is $58.26.

Institutional Trading of Fidelity Wise Origin Bitcoin Fund

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Rise Advisors LLC purchased a new stake in shares of Fidelity Wise Origin Bitcoin Fund during the second quarter worth about $26,000. Canton Hathaway LLC bought a new position in Fidelity Wise Origin Bitcoin Fund during the 3rd quarter valued at approximately $26,000. Financial Gravity Asset Management Inc. purchased a new stake in Fidelity Wise Origin Bitcoin Fund in the 2nd quarter worth approximately $27,000. Comerica Bank bought a new stake in shares of Fidelity Wise Origin Bitcoin Fund in the 1st quarter worth approximately $28,000. Finally, Massmutual Trust Co. FSB ADV purchased a new position in shares of Fidelity Wise Origin Bitcoin Fund during the second quarter valued at approximately $31,000.

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.