Fidelity Wise Origin Bitcoin Fund (NYSEARCA:FBTC) Shares Gap Up – Here’s What Happened

Shares of Fidelity Wise Origin Bitcoin Fund (NYSEARCA:FBTC) gapped up prior to trading on Wednesday . The stock had previously closed at $79.45, but opened at $82.64. Fidelity Wise Origin Bitcoin Fund shares last traded at $82.66, with a volume of 1,084,774 shares.

Fidelity Wise Origin Bitcoin Fund Stock Up 6.4 %

The stock’s 50 day moving average is $64.61 and its 200-day moving average is $58.26.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in FBTC. Susquehanna International Group LLP increased its stake in shares of Fidelity Wise Origin Bitcoin Fund by 90.1% in the 2nd quarter. Susquehanna International Group LLP now owns 2,565,485 shares of the company’s stock worth $134,585,000 after acquiring an additional 1,216,071 shares in the last quarter. HBK Investments L P lifted its holdings in shares of Fidelity Wise Origin Bitcoin Fund by 13.1% during the third quarter. HBK Investments L P now owns 2,451,020 shares of the company’s stock valued at $136,105,000 after purchasing an additional 284,775 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its position in shares of Fidelity Wise Origin Bitcoin Fund by 3,549.6% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,715,300 shares of the company’s stock worth $89,882,000 after purchasing an additional 1,668,300 shares in the last quarter. Flow Traders U.S. LLC grew its stake in shares of Fidelity Wise Origin Bitcoin Fund by 40.5% in the 3rd quarter. Flow Traders U.S. LLC now owns 986,641 shares of the company’s stock worth $54,788,000 after buying an additional 284,424 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its position in Fidelity Wise Origin Bitcoin Fund by 24.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 849,592 shares of the company’s stock valued at $44,570,000 after buying an additional 167,201 shares in 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.