Fidelity Wise Origin Bitcoin Fund (NYSEARCA:FBTC) Sets New 12-Month High – What’s Next?

Fidelity Wise Origin Bitcoin Fund (NYSEARCA:FBTC) hit a new 52-week high on Wednesday . The company traded as high as $65.24 and last traded at $65.09, with a volume of 1412010 shares trading hands. The stock had previously closed at $60.66.

Fidelity Wise Origin Bitcoin Fund Trading Up 10.0 %

The business’s 50 day moving average is $55.22 and its two-hundred day moving average is $55.43.

Institutional Trading of Fidelity Wise Origin Bitcoin Fund

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Comerica Bank purchased a new position in Fidelity Wise Origin Bitcoin Fund during the 1st quarter valued at about $28,000. Rise Advisors LLC acquired a new position in shares of Fidelity Wise Origin Bitcoin Fund during the second quarter worth approximately $26,000. Financial Gravity Asset Management Inc. acquired a new position in shares of Fidelity Wise Origin Bitcoin Fund in the second quarter valued at $27,000. Cordant Inc. acquired a new position in shares of Fidelity Wise Origin Bitcoin Fund in the third quarter valued at $31,000. Finally, Hexagon Capital Partners LLC bought a new stake in Fidelity Wise Origin Bitcoin Fund in the third quarter valued at $32,000.

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.