Fidelity Wise Origin Bitcoin Fund Target of Unusually Large Options Trading (NYSEARCA:FBTC)

Fidelity Wise Origin Bitcoin Fund (NYSEARCA:FBTC) was the recipient of unusually large options trading activity on Friday. Traders bought 18,608 call options on the stock. This represents an increase of approximately 103% compared to the typical volume of 9,189 call options.

Institutional Trading of Fidelity Wise Origin Bitcoin Fund

Institutional investors have recently made changes to their positions in the business. Keel Point LLC increased its position in Fidelity Wise Origin Bitcoin Fund by 74.2% during the 3rd quarter. Keel Point LLC now owns 42,145 shares of the company’s stock valued at $4,206,000 after buying an additional 17,952 shares in the last quarter. CIBC Private Wealth Group LLC increased its holdings in shares of Fidelity Wise Origin Bitcoin Fund by 6.9% during the third quarter. CIBC Private Wealth Group LLC now owns 31,673 shares of the company’s stock valued at $3,161,000 after acquiring an additional 2,045 shares in the last quarter. CIBC Bancorp USA Inc. acquired a new position in shares of Fidelity Wise Origin Bitcoin Fund during the third quarter valued at about $3,955,000. Centaurus Financial Inc. raised its position in shares of Fidelity Wise Origin Bitcoin Fund by 4.4% in the 3rd quarter. Centaurus Financial Inc. now owns 4,025 shares of the company’s stock valued at $402,000 after purchasing an additional 171 shares during the last quarter. Finally, Asset Dedication LLC boosted its stake in Fidelity Wise Origin Bitcoin Fund by 192.2% in the 3rd quarter. Asset Dedication LLC now owns 6,223 shares of the company’s stock worth $621,000 after purchasing an additional 4,093 shares in the last quarter.

Fidelity Wise Origin Bitcoin Fund Price Performance

NYSEARCA:FBTC opened at $76.28 on Friday. Fidelity Wise Origin Bitcoin Fund has a 52 week low of $66.06 and a 52 week high of $110.25. The firm has a 50 day moving average of $83.62 and a 200 day moving average of $93.64.

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.