Fidelity Wise Origin Bitcoin Fund (NYSEARCA:FBTC) Stock Price Down 3.1%

Fidelity Wise Origin Bitcoin Fund (NYSEARCA:FBTC)’s share price dropped 3.1% during mid-day trading on Monday . The stock traded as low as $53.96 and last traded at $54.03. Approximately 1,045,345 shares changed hands during trading, a decline of 91% from the average daily volume of 11,100,101 shares. The stock had previously closed at $55.75.

Fidelity Wise Origin Bitcoin Fund Stock Down 1.2 %

The company’s 50-day simple moving average is $56.83.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in FBTC. IMC Chicago LLC purchased a new stake in shares of Fidelity Wise Origin Bitcoin Fund in the 1st quarter valued at about $22,893,000. Legacy Wealth Asset Management LLC purchased a new stake in shares of Fidelity Wise Origin Bitcoin Fund in the 1st quarter valued at about $21,882,000. United Capital Management of KS Inc. purchased a new position in shares of Fidelity Wise Origin Bitcoin Fund during the 1st quarter valued at about $21,684,000. Compass Ion Advisors LLC purchased a new position in shares of Fidelity Wise Origin Bitcoin Fund during the 1st quarter valued at about $7,766,000. Finally, Brookstone Capital Management purchased a new position in shares of Fidelity Wise Origin Bitcoin Fund during the 1st quarter valued at about $5,291,000.

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.