Traders Buy Large Volume of Fidelity Wise Origin Bitcoin Fund Call Options (NYSEARCA:FBTC)

Fidelity Wise Origin Bitcoin Fund (NYSEARCA:FBTC) saw unusually large options trading on Friday. Stock investors purchased 18,442 call options on the company. This represents an increase of 98% compared to the average daily volume of 9,324 call options.

Hedge Funds Weigh In On Fidelity Wise Origin Bitcoin Fund

Several hedge funds have recently added to or reduced their stakes in FBTC. Sculptor Capital LP boosted its position in shares of Fidelity Wise Origin Bitcoin Fund by 172.9% during the first quarter. Sculptor Capital LP now owns 2,188,727 shares of the company’s stock valued at $157,523,000 after buying an additional 1,386,777 shares during the period. HBK Investments L P grew its position in Fidelity Wise Origin Bitcoin Fund by 77.0% in the 2nd quarter. HBK Investments L P now owns 780,164 shares of the company’s stock valued at $73,328,000 after acquiring an additional 339,498 shares during the last quarter. Cresset Asset Management LLC lifted its position in shares of Fidelity Wise Origin Bitcoin Fund by 4.0% during the third quarter. Cresset Asset Management LLC now owns 592,411 shares of the company’s stock worth $59,129,000 after purchasing an additional 22,818 shares during the last quarter. IMC Chicago LLC boosted its stake in shares of Fidelity Wise Origin Bitcoin Fund by 32.2% during the third quarter. IMC Chicago LLC now owns 554,970 shares of the company’s stock valued at $55,392,000 after purchasing an additional 135,050 shares during the period. Finally, WINTON GROUP Ltd grew its holdings in shares of Fidelity Wise Origin Bitcoin Fund by 20.4% in the third quarter. WINTON GROUP Ltd now owns 407,078 shares of the company’s stock worth $40,630,000 after purchasing an additional 69,051 shares during the last quarter.

Fidelity Wise Origin Bitcoin Fund Trading Down 1.8%

FBTC stock traded down $1.52 during mid-day trading on Friday, reaching $83.91. 5,034,580 shares of the stock traded hands, compared to its average volume of 4,098,495. Fidelity Wise Origin Bitcoin Fund has a one year low of $66.06 and a one year high of $110.25. The business has a 50-day moving average price of $97.68 and a two-hundred day moving average price of $96.27.

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.