Fidelity Wise Origin Bitcoin Fund (NYSEARCA:FBTC) Trading Down 3% – Here’s What Happened

Shares of Fidelity Wise Origin Bitcoin Fund (NYSEARCA:FBTC) fell 3% on Tuesday . The stock traded as low as $105.24 and last traded at $106.12. 7,827,008 shares traded hands during mid-day trading, an increase of 108% from the average session volume of 3,761,397 shares. The stock had previously closed at $109.44.

Fidelity Wise Origin Bitcoin Fund Trading Down 3.0%

The business has a 50-day moving average price of $100.19 and a 200 day moving average price of $92.37.

Institutional Investors Weigh In On Fidelity Wise Origin Bitcoin Fund

Large investors have recently modified their holdings of the business. Briaud Financial Planning Inc purchased a new stake in Fidelity Wise Origin Bitcoin Fund in the second quarter valued at approximately $27,000. NBT Bank N A NY boosted its holdings in Fidelity Wise Origin Bitcoin Fund by 648.1% during the 1st quarter. NBT Bank N A NY now owns 404 shares of the company’s stock valued at $29,000 after acquiring an additional 350 shares during the period. Harbour Investments Inc. boosted its stake in shares of Fidelity Wise Origin Bitcoin Fund by 79.5% in the 2nd quarter. Harbour Investments Inc. now owns 359 shares of the company’s stock valued at $34,000 after buying an additional 159 shares during the period. Halbert Hargrove Global Advisors LLC increased its position in Fidelity Wise Origin Bitcoin Fund by 85.8% during the first quarter. Halbert Hargrove Global Advisors LLC now owns 524 shares of the company’s stock worth $38,000 after buying an additional 242 shares during the period. Finally, Capital Analysts LLC grew its stake in shares of Fidelity Wise Origin Bitcoin Fund by 60.5% in the 1st quarter. Capital Analysts LLC now owns 565 shares of the company’s stock valued at $41,000 after purchasing an additional 213 shares during the last quarter.

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.