Fidelity Wise Origin Bitcoin Fund (NYSEARCA:FBTC) Shares Gap Up to $46.74

Shares of Fidelity Wise Origin Bitcoin Fund (NYSEARCA:FBTC) gapped up prior to trading on Monday . The stock had previously closed at $46.74, but opened at $48.42. Fidelity Wise Origin Bitcoin Fund shares last traded at $48.65, with a volume of 1,035,300 shares.

Fidelity Wise Origin Bitcoin Fund Price Performance

The business has a 50 day simple moving average of $53.02 and a 200 day simple moving average of $55.95.

Hedge Funds Weigh In On Fidelity Wise Origin Bitcoin Fund

Several large investors have recently made changes to their positions in the business. Jane Street Group LLC bought a new position in shares of Fidelity Wise Origin Bitcoin Fund in the first quarter valued at about $185,228,000. Susquehanna International Group LLP boosted its holdings in Fidelity Wise Origin Bitcoin Fund by 90.1% during the second quarter. Susquehanna International Group LLP now owns 2,565,485 shares of the company’s stock worth $134,585,000 after purchasing an additional 1,216,071 shares during the last quarter. D. E. Shaw & Co. Inc. increased its position in shares of Fidelity Wise Origin Bitcoin Fund by 3,549.6% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,715,300 shares of the company’s stock worth $89,882,000 after purchasing an additional 1,668,300 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in Fidelity Wise Origin Bitcoin Fund by 24.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 849,592 shares of the company’s stock valued at $44,570,000 after purchasing an additional 167,201 shares during the last quarter. Finally, Hunting Hill Global Capital LLC boosted its stake in shares of Fidelity Wise Origin Bitcoin Fund by 13.4% during the 2nd quarter. Hunting Hill Global Capital LLC now owns 531,739 shares of the company’s stock worth $27,895,000 after acquiring an additional 62,759 shares during the period.

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.