Fidelity Wise Origin Bitcoin Fund (NYSEARCA:FBTC) Shares Gap Down to $54.33

Fidelity Wise Origin Bitcoin Fund (NYSEARCA:FBTC)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $54.33, but opened at $52.36. Fidelity Wise Origin Bitcoin Fund shares last traded at $51.90, with a volume of 460,006 shares traded.

Fidelity Wise Origin Bitcoin Fund Price Performance

The firm has a 50 day moving average of $53.83 and a two-hundred day moving average of $55.57.

Institutional Investors Weigh In On Fidelity Wise Origin Bitcoin Fund

A number of hedge funds have recently made changes to their positions in FBTC. Rise Advisors LLC acquired a new stake in Fidelity Wise Origin Bitcoin Fund in the second quarter valued at approximately $26,000. Financial Gravity Asset Management Inc. acquired a new stake in Fidelity Wise Origin Bitcoin Fund during the 2nd quarter worth approximately $27,000. Comerica Bank acquired a new stake in Fidelity Wise Origin Bitcoin Fund during the 1st quarter worth approximately $28,000. Massmutual Trust Co. FSB ADV bought a new stake in Fidelity Wise Origin Bitcoin Fund during the 2nd quarter worth approximately $31,000. Finally, Pathway Financial Advisers LLC acquired a new position in Fidelity Wise Origin Bitcoin Fund in the 1st quarter valued at approximately $39,000.

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.