WisdomTree Bitcoin Fund (NYSEARCA:BTCW) Trading Down 0.4% – Time to Sell?

WisdomTree Bitcoin Fund (NYSEARCA:BTCW) shares fell 0.4% on Wednesday . The stock traded as low as $91.73 and last traded at $92.37. 27,175 shares changed hands during trading, a decline of 72% from the average session volume of 98,530 shares. The stock had previously closed at $92.74.

WisdomTree Bitcoin Fund Stock Up 0.0%

The business has a fifty day moving average of $102.02 and a two-hundred day moving average of $113.92.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of New York Mellon Corp grew its stake in WisdomTree Bitcoin Fund by 66.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 120,138 shares of the company’s stock valued at $13,722,000 after acquiring an additional 48,076 shares during the last quarter. Jane Street Group LLC lifted its holdings in shares of WisdomTree Bitcoin Fund by 522.1% in the first quarter. Jane Street Group LLC now owns 38,038 shares of the company’s stock valued at $3,319,000 after purchasing an additional 31,924 shares in the last quarter. IMC Chicago LLC purchased a new stake in shares of WisdomTree Bitcoin Fund in the third quarter valued at about $2,808,000. OLD Mission Capital LLC acquired a new stake in shares of WisdomTree Bitcoin Fund in the first quarter valued at approximately $1,610,000. Finally, Meitav Investment House Ltd. increased its stake in shares of WisdomTree Bitcoin Fund by 66.7% during the 2nd quarter. Meitav Investment House Ltd. now owns 19,277 shares of the company’s stock worth $2,202,000 after purchasing an additional 7,711 shares in the last quarter.

WisdomTree Bitcoin Fund Company Profile

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.