Fidelity Wise Origin Bitcoin Fund (NYSEARCA:FBTC) Shares Gap Up to $52.46

Fidelity Wise Origin Bitcoin Fund (NYSEARCA:FBTC)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $52.46, but opened at $54.97. Fidelity Wise Origin Bitcoin Fund shares last traded at $54.80, with a volume of 320,551 shares trading hands.

Fidelity Wise Origin Bitcoin Fund Price Performance

The business’s 50-day moving average price is $56.93.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. YHB Investment Advisors Inc. purchased a new stake in Fidelity Wise Origin Bitcoin Fund during the 1st quarter valued at about $56,000. Guild Investment Management Inc. purchased a new stake in shares of Fidelity Wise Origin Bitcoin Fund in the first quarter worth about $873,000. Lindbrook Capital LLC purchased a new stake in shares of Fidelity Wise Origin Bitcoin Fund in the first quarter worth about $87,000. Meridian Wealth Management LLC purchased a new stake in shares of Fidelity Wise Origin Bitcoin Fund in the first quarter worth about $948,000. Finally, Valeo Financial Advisors LLC purchased a new stake in shares of Fidelity Wise Origin Bitcoin Fund in the first quarter worth about $828,000.

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.