WisdomTree Bitcoin Fund (NYSEARCA:BTCW) Stock Price Up 1.2% – What’s Next?

WisdomTree Bitcoin Fund (NYSEARCA:BTCW) rose 1.2% during mid-day trading on Friday . The company traded as high as $90.19 and last traded at $89.32. Approximately 180,187 shares traded hands during trading, a decline of 6% from the average daily volume of 191,418 shares. The stock had previously closed at $88.23.

WisdomTree Bitcoin Fund Trading Up 1.2 %

The firm’s 50-day moving average price is $103.09 and its 200 day moving average price is $87.15.

Institutional Trading of WisdomTree Bitcoin Fund

Several institutional investors and hedge funds have recently modified their holdings of BTCW. Elequin Capital LP boosted its position in shares of WisdomTree Bitcoin Fund by 1,074.6% during the fourth quarter. Elequin Capital LP now owns 10,877 shares of the company’s stock valued at $1,073,000 after buying an additional 9,951 shares during the last quarter. Frazier Financial Advisors LLC purchased a new position in WisdomTree Bitcoin Fund during the 4th quarter worth $63,000. LPL Financial LLC purchased a new position in WisdomTree Bitcoin Fund during the 4th quarter worth $490,000. Bank of New York Mellon Corp grew its stake in shares of WisdomTree Bitcoin Fund by 71.1% in the 4th quarter. Bank of New York Mellon Corp now owns 115,108 shares of the company’s stock worth $11,355,000 after acquiring an additional 47,821 shares in the last quarter. Finally, Private Advisor Group LLC purchased a new stake in shares of WisdomTree Bitcoin Fund in the fourth quarter valued at about $489,000.

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.