Fidelity Wise Origin Bitcoin Fund (NYSEARCA:FBTC) Shares Gap Up to $52.46

Shares of Fidelity Wise Origin Bitcoin Fund (NYSEARCA:FBTC) gapped up before the market opened on Monday . The stock had previously closed at $52.46, but opened at $54.97. Fidelity Wise Origin Bitcoin Fund shares last traded at $54.80, with a volume of 320,551 shares trading hands.

Fidelity Wise Origin Bitcoin Fund Price Performance

The business’s 50 day moving average price is $57.08.

Hedge Funds Weigh In On Fidelity Wise Origin Bitcoin Fund

Hedge funds have recently bought and sold shares of the company. Comerica Bank purchased a new stake in shares of Fidelity Wise Origin Bitcoin Fund in the first quarter valued at about $28,000. Pathway Financial Advisers LLC purchased a new stake in Fidelity Wise Origin Bitcoin Fund in the 1st quarter valued at about $39,000. Centerpoint Advisors LLC bought a new position in shares of Fidelity Wise Origin Bitcoin Fund during the 1st quarter worth approximately $54,000. YHB Investment Advisors Inc. bought a new position in shares of Fidelity Wise Origin Bitcoin Fund during the 1st quarter worth approximately $56,000. Finally, Lindbrook Capital LLC purchased a new position in shares of Fidelity Wise Origin Bitcoin Fund in the 1st quarter worth approximately $87,000.

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.