Traders Purchase Large Volume of Call Options on Fidelity Wise Origin Bitcoin Fund (BATS:FBTC)

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

Hedge Funds Weigh In On Fidelity Wise Origin Bitcoin Fund

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

Fidelity Wise Origin Bitcoin Fund Price Performance

FBTC opened at $57.47 on Friday. The company’s 50 day simple moving average is $64.30 and its 200 day simple moving average is $79.91. Fidelity Wise Origin Bitcoin Fund has a 1 year low of $54.21 and a 1 year high of $110.25.

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.