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

Fidelity Wise Origin Bitcoin Fund (BATS:FBTC) was the recipient of some unusual options trading on Friday. Traders acquired 23,141 call options on the company. This is an increase of 147% compared to the typical daily volume of 9,375 call options.

Institutional Investors Weigh In On Fidelity Wise Origin Bitcoin Fund

Institutional investors and hedge funds have recently modified their holdings of the company. Osbon Capital Management LLC acquired a new stake in shares of Fidelity Wise Origin Bitcoin Fund in the fourth quarter valued at about $624,000. Corient Private Wealth LLC raised its holdings in shares of Fidelity Wise Origin Bitcoin Fund by 45.3% during the fourth quarter. Corient Private Wealth LLC now owns 90,816 shares of the company’s stock valued at $6,923,000 after acquiring an additional 28,302 shares during the last quarter. Sankala Group LLC purchased a new position in shares of Fidelity Wise Origin Bitcoin Fund in the fourth quarter valued at approximately $675,000. Clearwave Capital LLC purchased a new stake in shares of Fidelity Wise Origin Bitcoin Fund during the fourth quarter worth approximately $302,000. Finally, Instrumental Wealth LLC grew its holdings in shares of Fidelity Wise Origin Bitcoin Fund by 71.9% during the fourth quarter. Instrumental Wealth LLC now owns 9,955 shares of the company’s stock worth $759,000 after buying an additional 4,165 shares in the last quarter.

Fidelity Wise Origin Bitcoin Fund Stock Performance

BATS:FBTC traded down $2.43 during mid-day trading on Friday, hitting $57.23. 4,959,375 shares of the stock traded hands, compared to its average volume of 6,571,160. Fidelity Wise Origin Bitcoin Fund has a 52 week low of $54.21 and a 52 week high of $110.25. The firm’s 50 day moving average is $64.81 and its two-hundred day moving average is $80.31.

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.