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

Shares of Fidelity Wise Origin Bitcoin Fund (NYSEARCA:FBTC) gapped up before the market opened on Friday . The stock had previously closed at $52.15, but opened at $53.67. Fidelity Wise Origin Bitcoin Fund shares last traded at $53.75, with a volume of 662,969 shares changing hands.

Fidelity Wise Origin Bitcoin Fund Price Performance

The business’s fifty day moving average price is $52.57 and its two-hundred day moving average price is $55.38.

Institutional Investors Weigh In On Fidelity Wise Origin Bitcoin Fund

Institutional investors have recently bought and sold shares of the company. Rise Advisors LLC purchased a new stake in shares of Fidelity Wise Origin Bitcoin Fund during the second quarter worth about $26,000. Financial Gravity Asset Management Inc. purchased a new stake in Fidelity Wise Origin Bitcoin Fund during the 2nd quarter worth approximately $27,000. Comerica Bank acquired a new position in Fidelity Wise Origin Bitcoin Fund during the 1st quarter valued at approximately $28,000. Massmutual Trust Co. FSB ADV acquired a new position in Fidelity Wise Origin Bitcoin Fund during the 2nd quarter valued at approximately $31,000. Finally, Hexagon Capital Partners LLC purchased a new position in shares of Fidelity Wise Origin Bitcoin Fund in the third quarter worth $32,000.

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.