WisdomTree Bitcoin Fund (NYSEARCA:BTCW) Trading 5.3% Higher

WisdomTree Bitcoin Fund (NYSEARCA:BTCW) rose 5.3% on Thursday . The stock traded as high as $67.83 and last traded at $67.16. Approximately 45,257 shares changed hands during trading, a decline of 80% from the average daily volume of 231,795 shares. The stock had previously closed at $63.78.

WisdomTree Bitcoin Fund Stock Down 0.7 %

The company has a 50 day moving average of $64.71 and a two-hundred day moving average of $67.85.

Institutional Investors Weigh In On WisdomTree Bitcoin Fund

Hedge funds have recently bought and sold shares of the business. Renaissance Technologies LLC purchased a new position in shares of WisdomTree Bitcoin Fund during the second quarter valued at approximately $1,063,000. Susquehanna International Group LLP grew its stake in shares of WisdomTree Bitcoin Fund by 38.7% in the second quarter. Susquehanna International Group LLP now owns 354,737 shares of the company’s stock worth $22,583,000 after acquiring an additional 98,923 shares during the last quarter. Virtu Financial LLC bought a new position in shares of WisdomTree Bitcoin Fund during the second quarter valued at $1,043,000. Headlands Technologies LLC bought a new position in WisdomTree Bitcoin Fund in the 2nd quarter worth about $103,000. Finally, Bank of New York Mellon Corp purchased a new stake in WisdomTree Bitcoin Fund during the 2nd quarter valued at about $7,105,000.

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.