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

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

Fidelity Wise Origin Bitcoin Fund Stock Performance

FBTC opened at $55.62 on Friday. Fidelity Wise Origin Bitcoin Fund has a twelve month low of $50.48 and a twelve month high of $110.25. The firm’s 50-day moving average price is $60.05 and its 200 day moving average price is $64.71.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. JB Capital LLC raised its holdings in shares of Fidelity Wise Origin Bitcoin Fund by 1.2% during the 4th quarter. JB Capital LLC now owns 11,796 shares of the company’s stock worth $899,000 after acquiring an additional 140 shares during the period. Stone House Investment Management LLC grew its holdings in shares of Fidelity Wise Origin Bitcoin Fund by 5.5% in the fourth quarter. Stone House Investment Management LLC now owns 2,812 shares of the company’s stock valued at $214,000 after purchasing an additional 146 shares during the period. YHB Investment Advisors Inc. increased its position in Fidelity Wise Origin Bitcoin Fund by 4.3% during the fourth quarter. YHB Investment Advisors Inc. now owns 3,575 shares of the company’s stock worth $273,000 after purchasing an additional 148 shares during the last quarter. Sugar Maple Asset Management LLC raised its stake in Fidelity Wise Origin Bitcoin Fund by 5.2% during the fourth quarter. Sugar Maple Asset Management LLC now owns 3,042 shares of the company’s stock worth $232,000 after purchasing an additional 150 shares during the period. Finally, Brown Brothers Harriman & Co. raised its stake in Fidelity Wise Origin Bitcoin Fund by 0.6% during the third quarter. Brown Brothers Harriman & Co. now owns 26,554 shares of the company’s stock worth $2,650,000 after purchasing an additional 150 shares during the period.

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.