WisdomTree Bitcoin Fund (NYSEARCA:BTCW) Shares Down 1% – Time to Sell?

WisdomTree Bitcoin Fund (NYSEARCA:BTCW) shares traded down 1% on Tuesday . The stock traded as low as $88.91 and last traded at $89.03. 66,515 shares were traded during trading, a decline of 66% from the average session volume of 193,382 shares. The stock had previously closed at $89.93.

WisdomTree Bitcoin Fund Stock Up 0.7 %

The business’s 50 day simple moving average is $91.85 and its two-hundred day simple moving average is $92.88.

Hedge Funds Weigh In On WisdomTree Bitcoin Fund

Several large investors have recently bought and sold shares of the stock. Frazier Financial Advisors LLC bought a new position in WisdomTree Bitcoin Fund in the 4th quarter valued at $63,000. Whitaker Myers Wealth Managers LTD. purchased a new position in WisdomTree Bitcoin Fund during the 4th quarter valued at about $232,000. Essex LLC bought a new stake in WisdomTree Bitcoin Fund during the 4th quarter worth approximately $245,000. Financial Life Planners bought a new position in shares of WisdomTree Bitcoin Fund in the fourth quarter worth $408,000. Finally, Private Advisor Group LLC purchased a new stake in shares of WisdomTree Bitcoin Fund in the 4th quarter valued at about $489,000.

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.