WisdomTree Bitcoin Fund (NYSEARCA:BTCW) Shares Up 10% – Time to Buy?

WisdomTree Bitcoin Fund (NYSEARCA:BTCW)’s share price shot up 10% on Friday . The stock traded as high as $75.58 and last traded at $74.14. 225,527 shares traded hands during mid-day trading, an increase of 267% from the average session volume of 61,369 shares. The stock had previously closed at $67.42.

WisdomTree Bitcoin Fund Stock Performance

The stock has a 50 day simple moving average of $93.23 and a 200-day simple moving average of $108.65.

Institutional Trading of WisdomTree Bitcoin Fund

A number of institutional investors and hedge funds have recently bought and sold shares of BTCW. Whitaker Myers Wealth Managers LTD. boosted its stake in WisdomTree Bitcoin Fund by 45.4% during the 4th quarter. Whitaker Myers Wealth Managers LTD. now owns 26,307 shares of the company’s stock valued at $2,438,000 after purchasing an additional 8,217 shares during the last quarter. Nautilus Advisors LLC lifted its holdings in shares of WisdomTree Bitcoin Fund by 67.8% during the fourth quarter. Nautilus Advisors LLC now owns 3,131 shares of the company’s stock valued at $290,000 after purchasing an additional 1,265 shares in the last quarter. Financial Life Planners boosted its position in shares of WisdomTree Bitcoin Fund by 38.1% during the third quarter. Financial Life Planners now owns 14,005 shares of the company’s stock valued at $1,698,000 after buying an additional 3,864 shares during the last quarter. Private Advisor Group LLC increased its holdings in WisdomTree Bitcoin Fund by 16.6% in the 3rd quarter. Private Advisor Group LLC now owns 9,397 shares of the company’s stock worth $1,140,000 after buying an additional 1,335 shares in the last quarter. Finally, IMC Chicago LLC bought a new stake in WisdomTree Bitcoin Fund in the 3rd quarter worth about $2,808,000.

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.