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

Fidelity Wise Origin Bitcoin Fund (BATS:FBTC) was the target of some unusual options trading activity on Monday. Investors purchased 34,909 call options on the company. This is an increase of 260% compared to the average volume of 9,706 call options.

Fidelity Wise Origin Bitcoin Fund Stock Performance

BATS:FBTC traded up $2.68 during mid-day trading on Monday, reaching $55.14. The stock had a trading volume of 4,085,989 shares, compared to its average volume of 5,490,427. The stock has a 50-day simple moving average of $64.51 and a two-hundred day simple moving average of $68.77. Fidelity Wise Origin Bitcoin Fund has a 12 month low of $51.45 and a 12 month high of $110.25.

Hedge Funds Weigh In On Fidelity Wise Origin Bitcoin Fund

Hedge funds have recently modified their holdings of the business. Morgan Stanley increased its holdings in shares of Fidelity Wise Origin Bitcoin Fund by 34,634,200.0% in the 4th quarter. Morgan Stanley now owns 692,686 shares of the company’s stock worth $52,803,000 after buying an additional 692,684 shares during the last quarter. Consolidated Portfolio Review Corp lifted its position in shares of 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 purchasing an additional 680,313 shares during the period. Capula Management Ltd lifted its position in 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 acquiring an additional 615,620 shares during the period. Millennium Management LLC lifted its position in Fidelity Wise Origin Bitcoin Fund by 5.9% during the 3rd quarter. Millennium Management LLC now owns 7,447,005 shares of the company’s stock valued at $743,286,000 after acquiring an additional 414,799 shares during the period. Finally, Means Investment CO. Inc. purchased a new position in Fidelity Wise Origin Bitcoin Fund in the fourth quarter worth about $21,131,000.

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.