WisdomTree Bitcoin Fund (NYSEARCA:BTCW) Trading 1.2% Higher – Time to Buy?

WisdomTree Bitcoin Fund (NYSEARCA:BTCW)’s stock price was up 1.2% on Friday . The stock traded as high as $90.19 and last traded at $89.32. Approximately 180,187 shares changed hands during trading, a decline of 6% from the average daily volume of 191,418 shares. The stock had previously closed at $88.23.

WisdomTree Bitcoin Fund Stock Performance

The firm’s 50-day simple moving average is $103.09 and its two-hundred day simple moving average is $86.99.

Institutional Trading of WisdomTree Bitcoin Fund

Several large investors have recently added to or reduced their stakes in BTCW. Frazier Financial Advisors LLC purchased a new stake in shares of WisdomTree Bitcoin Fund in the 4th quarter valued at $63,000. Whitaker Myers Wealth Managers LTD. purchased a new stake in WisdomTree Bitcoin Fund in the fourth quarter valued at $232,000. Essex LLC purchased a new stake in shares of WisdomTree Bitcoin Fund in the fourth quarter worth about $245,000. Financial Life Planners purchased a new stake in shares of WisdomTree Bitcoin Fund in the fourth quarter worth about $408,000. Finally, Private Advisor Group LLC purchased a new stake in shares of WisdomTree Bitcoin Fund in the fourth quarter worth about $489,000.

About WisdomTree Bitcoin Fund

The WisdomTree Bitcoin Fund (BTCW) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund passively mirrors the performance of Bitcoin, leveraging a Benchmark Rate for valuation. The fund does not engage in direct investment or management of the digital currency BTCW was launched on Jan 11, 2024 and is issued by WisdomTree.