Fidelity Wise Origin Bitcoin Fund Sees Unusually High Options Volume (BATS:FBTC)

Fidelity Wise Origin Bitcoin Fund (BATS:FBTC) saw unusually large options trading on Friday. Stock investors purchased 46,838 call options on the stock. This is an increase of approximately 382% compared to the typical daily volume of 9,718 call options.

Fidelity Wise Origin Bitcoin Fund Trading Down 3.0%

FBTC traded down $1.71 during trading on Friday, hitting $54.65. 4,585,334 shares of the stock were exchanged, compared to its average volume of 5,131,116. The stock has a fifty day moving average price of $56.43 and a two-hundred day moving average price of $62.52. Fidelity Wise Origin Bitcoin Fund has a 1-year low of $50.48 and a 1-year high of $110.25.

Hedge Funds Weigh In On Fidelity Wise Origin Bitcoin Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of FBTC. City State Bank acquired a new stake in shares of Fidelity Wise Origin Bitcoin Fund in the fourth quarter valued at about $591,000. Transcend Capital Advisors LLC grew its position in Fidelity Wise Origin Bitcoin Fund by 174.1% during the fourth quarter. Transcend Capital Advisors LLC now owns 6,065 shares of the company’s stock worth $462,000 after buying an additional 3,852 shares during the period. Abundance Wealth Counselors increased its holdings in Fidelity Wise Origin Bitcoin Fund by 17.2% in the fourth quarter. Abundance Wealth Counselors now owns 27,637 shares of the company’s stock valued at $2,107,000 after buying an additional 4,050 shares in the last quarter. Clear Creek Financial Management LLC increased its holdings in Fidelity Wise Origin Bitcoin Fund by 2.4% in the fourth quarter. Clear Creek Financial Management LLC now owns 11,431 shares of the company’s stock valued at $871,000 after buying an additional 264 shares in the last quarter. Finally, Financial Designs Corp lifted its position in shares of Fidelity Wise Origin Bitcoin Fund by 2.6% during the 4th quarter. Financial Designs Corp now owns 30,948 shares of the company’s stock valued at $2,359,000 after acquiring an additional 794 shares during the period.

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.