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

Shares of Fidelity Wise Origin Bitcoin Fund (NYSEARCA:FBTC) gapped up before the market opened on Monday . The stock had previously closed at $73.50, but opened at $81.42. Fidelity Wise Origin Bitcoin Fund shares last traded at $78.19, with a volume of 2,494,380 shares trading hands.

Fidelity Wise Origin Bitcoin Fund Stock Performance

The business has a fifty day simple moving average of $84.55 and a 200 day simple moving average of $72.25.

Hedge Funds Weigh In On Fidelity Wise Origin Bitcoin Fund

Hedge funds have recently modified their holdings of the company. Stephens Consulting LLC increased its position in shares of Fidelity Wise Origin Bitcoin Fund by 61.5% during the fourth quarter. Stephens Consulting LLC now owns 323 shares of the company’s stock valued at $26,000 after acquiring an additional 123 shares during the last quarter. Thoroughbred Financial Services LLC increased its position in shares of Fidelity Wise Origin Bitcoin Fund by 2.6% during the 4th quarter. Thoroughbred Financial Services LLC now owns 6,156 shares of the company’s stock valued at $502,000 after purchasing an additional 156 shares during the last quarter. Financial Perspectives Inc raised its stake in shares of Fidelity Wise Origin Bitcoin Fund by 6.6% during the 4th quarter. Financial Perspectives Inc now owns 2,652 shares of the company’s stock worth $216,000 after purchasing an additional 165 shares during the period. Avior Wealth Management LLC raised its stake in shares of Fidelity Wise Origin Bitcoin Fund by 0.5% during the 4th quarter. Avior Wealth Management LLC now owns 33,171 shares of the company’s stock worth $2,706,000 after purchasing an additional 175 shares during the period. Finally, Capital Investment Advisors LLC boosted its holdings in shares of Fidelity Wise Origin Bitcoin Fund by 0.9% in the 4th quarter. Capital Investment Advisors LLC now owns 21,386 shares of the company’s stock worth $1,745,000 after buying an additional 185 shares during the last quarter.

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.