Fidelity Wise Origin Bitcoin Fund (NYSEARCA:FBTC) Shares Gap Down – Time to Sell?

Fidelity Wise Origin Bitcoin Fund (NYSEARCA:FBTC)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $82.06, but opened at $77.81. Fidelity Wise Origin Bitcoin Fund shares last traded at $76.31, with a volume of 1,799,733 shares trading hands.

Fidelity Wise Origin Bitcoin Fund Trading Down 7.8 %

The business’s fifty day moving average price is $85.94 and its two-hundred day moving average price is $71.29.

Institutional Investors Weigh In On Fidelity Wise Origin Bitcoin Fund

Several hedge funds and other institutional investors have recently made changes to their positions in FBTC. Highland Financial Advisors LLC raised its position in shares of Fidelity Wise Origin Bitcoin Fund by 18.2% during the 3rd quarter. Highland Financial Advisors LLC now owns 26,894 shares of the company’s stock valued at $1,493,000 after buying an additional 4,150 shares during the period. Chicago Partners Investment Group LLC lifted its stake in shares of Fidelity Wise Origin Bitcoin Fund by 35.9% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 6,421 shares of the company’s stock valued at $373,000 after purchasing an additional 1,695 shares during the last quarter. Falcon Wealth Planning raised its holdings in Fidelity Wise Origin Bitcoin Fund by 30.0% in the 3rd quarter. Falcon Wealth Planning now owns 5,765 shares of the company’s stock valued at $320,000 after buying an additional 1,330 shares during the period. Roman Butler Fullerton & Co. raised its holdings in Fidelity Wise Origin Bitcoin Fund by 78.4% in the 3rd quarter. Roman Butler Fullerton & Co. now owns 10,830 shares of the company’s stock valued at $635,000 after buying an additional 4,758 shares during the period. Finally, Vestor Capital LLC lifted its position in Fidelity Wise Origin Bitcoin Fund by 29.8% in the third quarter. Vestor Capital LLC now owns 4,025 shares of the company’s stock valued at $224,000 after buying an additional 923 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.