Fidelity Wise Origin Bitcoin Fund (BATS:FBTC) Hits New 1-Year Low – Here’s What Happened

Fidelity Wise Origin Bitcoin Fund (BATS:FBTC) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $51.35 and last traded at $51.8650, with a volume of 5074064 shares. The stock had previously closed at $54.25.

Fidelity Wise Origin Bitcoin Fund Price Performance

The business has a fifty day moving average of $63.41 and a 200 day moving average of $66.89.

Hedge Funds Weigh In On Fidelity Wise Origin Bitcoin Fund

Several large investors have recently modified their holdings of FBTC. Avalon Trust Co acquired a new stake in shares of Fidelity Wise Origin Bitcoin Fund during the 3rd quarter worth about $25,000. Stonehage Fleming Financial Services Holdings Ltd acquired a new position in Fidelity Wise Origin Bitcoin Fund in the fourth quarter valued at about $26,000. Anfield Capital Management LLC purchased a new position in Fidelity Wise Origin Bitcoin Fund during the third quarter worth about $30,000. Turning Point Benefit Group Inc. purchased a new position in Fidelity Wise Origin Bitcoin Fund during the third quarter worth about $31,000. Finally, Strategic Wealth Advisors LLC acquired a new stake in shares of Fidelity Wise Origin Bitcoin Fund during the fourth quarter valued at about $32,000.

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. FBTC was launched on Jan 10, 2024 and is issued by Fidelity.