Fidelity Wise Origin Bitcoin Fund (NYSEARCA:FBTC) Shares Gap Up – What’s Next?

Fidelity Wise Origin Bitcoin Fund (NYSEARCA:FBTC)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $81.16, but opened at $84.56. Fidelity Wise Origin Bitcoin Fund shares last traded at $85.15, with a volume of 797,987 shares.

Fidelity Wise Origin Bitcoin Fund Price Performance

The business’s fifty day simple moving average is $74.88 and its 200 day simple moving average is $61.35.

Hedge Funds Weigh In On Fidelity Wise Origin Bitcoin Fund

A number of hedge funds have recently bought and sold shares of FBTC. Pallas Capital Advisors LLC increased its stake in Fidelity Wise Origin Bitcoin Fund by 4.1% during the third quarter. Pallas Capital Advisors LLC now owns 4,697 shares of the company’s stock valued at $281,000 after purchasing an additional 186 shares during the last quarter. Horizon Kinetics Asset Management LLC raised its stake in Fidelity Wise Origin Bitcoin Fund by 3.7% during the third quarter. Horizon Kinetics Asset Management LLC now owns 5,916 shares of the company’s stock worth $329,000 after acquiring an additional 211 shares during the period. Atlas Financial Advisors Inc. lifted its holdings in Fidelity Wise Origin Bitcoin Fund by 5.9% in the second quarter. Atlas Financial Advisors Inc. now owns 4,013 shares of the company’s stock worth $211,000 after acquiring an additional 224 shares during the last quarter. Sweeney & Michel LLC boosted its stake in Fidelity Wise Origin Bitcoin Fund by 3.3% in the third quarter. Sweeney & Michel LLC now owns 8,503 shares of the company’s stock valued at $510,000 after acquiring an additional 268 shares during the period. Finally, EP Wealth Advisors LLC grew its holdings in shares of Fidelity Wise Origin Bitcoin Fund by 1.3% during the third quarter. EP Wealth Advisors LLC now owns 22,269 shares of the company’s stock valued at $1,237,000 after purchasing an additional 277 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.