WisdomTree Bitcoin Fund (NYSEARCA:BTCW) Stock Price Up 9.8% – What’s Next?

WisdomTree Bitcoin Fund (NYSEARCA:BTCW)’s stock price rose 9.8% on Wednesday . The company traded as high as $81.21 and last traded at $80.91. Approximately 119,701 shares changed hands during trading, a decline of 42% from the average daily volume of 205,002 shares. The stock had previously closed at $73.67.

WisdomTree Bitcoin Fund Stock Performance

The business has a 50 day moving average price of $67.41 and a two-hundred day moving average price of $67.40.

Hedge Funds Weigh In On WisdomTree Bitcoin Fund

Institutional investors have recently added to or reduced their stakes in the company. Susquehanna International Group LLP raised its position in shares of WisdomTree Bitcoin Fund by 38.7% in the 2nd quarter. Susquehanna International Group LLP now owns 354,737 shares of the company’s stock worth $22,583,000 after purchasing an additional 98,923 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of WisdomTree Bitcoin Fund during the 1st quarter valued at about $12,071,000. Bank of New York Mellon Corp bought a new stake in shares of WisdomTree Bitcoin Fund during the 2nd quarter valued at about $7,105,000. Renaissance Technologies LLC bought a new stake in shares of WisdomTree Bitcoin Fund during the 2nd quarter valued at about $1,063,000. Finally, Virtu Financial LLC bought a new stake in shares of WisdomTree Bitcoin Fund during the 2nd quarter valued at about $1,043,000.

WisdomTree Bitcoin Fund Company Profile

The WisdomTree Bitcoin Fund (BTCW) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund passively mirrors the performance of Bitcoin, leveraging a Benchmark Rate for valuation. The fund does not engage in direct investment or management of the digital currency BTCW was launched on Jan 11, 2024 and is issued by WisdomTree.