Fidelity Wise Origin Bitcoin Fund (BATS:FBTC) Reaches New 52-Week Low – Time to Sell?

Fidelity Wise Origin Bitcoin Fund (BATS:FBTC)’s share price reached a new 52-week low during trading on Friday . The company traded as low as $52.24 and last traded at $52.3650, with a volume of 3755359 shares. The stock had previously closed at $55.27.

Fidelity Wise Origin Bitcoin Fund Trading Down 6.5%

The stock has a fifty day moving average of $64.70 and a 200 day moving average of $68.98.

Institutional Trading of Fidelity Wise Origin Bitcoin Fund

Large investors have recently made changes to their positions in the company. Brighton Jones LLC acquired a new position in Fidelity Wise Origin Bitcoin Fund during the fourth quarter worth $323,000. Bison Wealth LLC lifted its stake in shares of Fidelity Wise Origin Bitcoin Fund by 118.7% in the 4th quarter. Bison Wealth LLC now owns 34,154 shares of the company’s stock valued at $2,786,000 after purchasing an additional 18,534 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of Fidelity Wise Origin Bitcoin Fund by 49.6% in the 2nd quarter. First Trust Advisors LP now owns 77,901 shares of the company’s stock valued at $7,322,000 after purchasing an additional 25,812 shares during the last quarter. Cerity Partners LLC lifted its stake in shares of Fidelity Wise Origin Bitcoin Fund by 18.4% in the 2nd quarter. Cerity Partners LLC now owns 19,553 shares of the company’s stock valued at $1,838,000 after purchasing an additional 3,039 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its stake in shares of Fidelity Wise Origin Bitcoin Fund by 81.6% in the 2nd quarter. NewEdge Advisors LLC now owns 69,855 shares of the company’s stock valued at $6,566,000 after purchasing an additional 31,394 shares during the last quarter.

Fidelity Wise Origin Bitcoin Fund Company Profile

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. FBTC was launched on Jan 10, 2024 and is issued by Fidelity.