Fidelity Wise Origin Bitcoin Fund (NYSEARCA:FBTC) Shares Gap Down to $56.14

Fidelity Wise Origin Bitcoin Fund (NYSEARCA:FBTC)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $56.14, but opened at $53.57. Fidelity Wise Origin Bitcoin Fund shares last traded at $53.57, with a volume of 866,874 shares changing hands.

Fidelity Wise Origin Bitcoin Fund Price Performance

The firm has a 50 day simple moving average of $57.19.

Institutional Investors Weigh In On Fidelity Wise Origin Bitcoin Fund

Several hedge funds have recently modified their holdings of FBTC. Comerica Bank purchased a new stake in shares of Fidelity Wise Origin Bitcoin Fund during the first quarter valued at $28,000. Pathway Financial Advisers LLC purchased a new stake in shares of Fidelity Wise Origin Bitcoin Fund during the first quarter valued at $39,000. Centerpoint Advisors LLC purchased a new stake in shares of Fidelity Wise Origin Bitcoin Fund during the first quarter valued at $54,000. YHB Investment Advisors Inc. purchased a new stake in shares of Fidelity Wise Origin Bitcoin Fund during the first quarter valued at $56,000. Finally, Lindbrook Capital LLC purchased a new stake in shares of Fidelity Wise Origin Bitcoin Fund during the first quarter valued at $87,000.

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.