WisdomTree Bitcoin Fund (BATS:BTCW) Stock Price Down 3.9% – Should You Sell?

WisdomTree Bitcoin Fund (BATS:BTCW) traded down 3.9% on Wednesday . The stock traded as low as $62.59 and last traded at $63.24. 10,466 shares changed hands during mid-day trading, a decline of 71% from the average session volume of 35,786 shares. The stock had previously closed at $65.82.

WisdomTree Bitcoin Fund Stock Performance

The firm has a 50 day moving average of $76.43 and a 200-day moving average of $80.74.

Institutional Trading of WisdomTree Bitcoin Fund

Several institutional investors have recently modified their holdings of BTCW. Bank of New York Mellon Corp raised its stake in shares of WisdomTree Bitcoin Fund by 105.9% in the first quarter. Bank of New York Mellon Corp now owns 179,758 shares of the company’s stock valued at $12,890,000 after purchasing an additional 92,443 shares in the last quarter. Meitav Investment House Ltd. boosted its stake in WisdomTree Bitcoin Fund by 45.0% during the first quarter. Meitav Investment House Ltd. now owns 44,587 shares of the company’s stock worth $3,197,000 after buying an additional 13,847 shares in the last quarter. Jane Street Group LLC increased its holdings in WisdomTree Bitcoin Fund by 522.1% in the 1st quarter. Jane Street Group LLC now owns 38,038 shares of the company’s stock valued at $3,319,000 after buying an additional 31,924 shares during the period. LPL Financial LLC increased its holdings in WisdomTree Bitcoin Fund by 89.0% in the 4th quarter. LPL Financial LLC now owns 33,618 shares of the company’s stock valued at $3,116,000 after buying an additional 15,832 shares during the period. Finally, Whitaker Myers Wealth Managers LTD. raised its stake in shares of WisdomTree Bitcoin Fund by 45.4% in the 4th quarter. Whitaker Myers Wealth Managers LTD. now owns 26,307 shares of the company’s stock valued at $2,438,000 after buying an additional 8,217 shares in the last quarter.

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.