WisdomTree Bitcoin Fund (BATS:BTCW) Trading Down 0.1% – Should You Sell?

WisdomTree Bitcoin Fund (BATS:BTCW) shares dropped 0.1% during mid-day trading on Friday . The stock traded as low as $84.03 and last traded at $84.73. Approximately 2,482 shares traded hands during trading, a decline of 94% from the average daily volume of 42,954 shares. The stock had previously closed at $84.79.

WisdomTree Bitcoin Fund Stock Performance

The company’s 50-day moving average price is $76.40 and its 200-day moving average price is $88.45.

Institutional Trading of WisdomTree Bitcoin Fund

Hedge funds have recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. raised its holdings in WisdomTree Bitcoin Fund by 126.5% in the first quarter. Geneos Wealth Management Inc. now owns 367 shares of the company’s stock valued at $26,000 after acquiring an additional 205 shares in the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new stake in WisdomTree Bitcoin Fund in the fourth quarter valued at approximately $99,000. Harel Insurance Investments & Financial Services Ltd. raised its holdings in WisdomTree Bitcoin Fund by 545.6% in the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,330 shares of the company’s stock valued at $161,000 after acquiring an additional 1,124 shares in the last quarter. Nautilus Advisors LLC acquired a new stake in WisdomTree Bitcoin Fund in the third quarter valued at approximately $226,000. Finally, NewEdge Advisors LLC acquired a new stake in WisdomTree Bitcoin Fund in the second quarter valued at approximately $223,000.

About WisdomTree Bitcoin Fund

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.