Stock Traders Buy High Volume of Fidelity Wise Origin Bitcoin Fund Call Options (BATS:FBTC)

Fidelity Wise Origin Bitcoin Fund (BATS:FBTC) was the recipient of some unusual options trading on Friday. Stock investors purchased 17,471 call options on the stock. This represents an increase of 84% compared to the typical daily volume of 9,507 call options.

Institutional Investors Weigh In On Fidelity Wise Origin Bitcoin Fund

Institutional investors have recently added to or reduced their stakes in the business. Millennium Management LLC boosted its position in Fidelity Wise Origin Bitcoin Fund by 5.9% during the third quarter. Millennium Management LLC now owns 7,447,005 shares of the company’s stock worth $743,286,000 after purchasing an additional 414,799 shares during the period. Schonfeld Strategic Advisors LLC lifted its stake in shares of Fidelity Wise Origin Bitcoin Fund by 7.3% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 2,349,936 shares of the company’s stock valued at $179,136,000 after buying an additional 160,005 shares in the last quarter. Capula Management Ltd lifted its stake in shares of Fidelity Wise Origin Bitcoin Fund by 41.1% during the 3rd quarter. Capula Management Ltd now owns 2,112,794 shares of the company’s stock valued at $210,878,000 after buying an additional 615,620 shares in the last quarter. Cantor Fitzgerald L. P. boosted its holdings in Fidelity Wise Origin Bitcoin Fund by 24.2% in the 4th quarter. Cantor Fitzgerald L. P. now owns 1,280,931 shares of the company’s stock worth $97,645,000 after buying an additional 250,000 shares during the period. Finally, Consolidated Portfolio Review Corp boosted its holdings in Fidelity Wise Origin Bitcoin Fund by 441.6% in the 4th quarter. Consolidated Portfolio Review Corp now owns 834,367 shares of the company’s stock worth $63,604,000 after buying an additional 680,313 shares during the period.

Fidelity Wise Origin Bitcoin Fund Stock Up 1.2%

Shares of BATS FBTC traded up $0.65 during trading on Friday, reaching $55.61. 2,410,199 shares of the stock traded hands, compared to its average volume of 5,316,118. Fidelity Wise Origin Bitcoin Fund has a 52-week low of $50.48 and a 52-week high of $110.25. The company has a 50-day moving average of $60.25 and a 200-day moving average of $64.77.

About Fidelity Wise Origin Bitcoin Fund

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.