WisdomTree Bitcoin Fund (NYSEARCA:BTCW) Shares Down 2.6% – Here’s What Happened

WisdomTree Bitcoin Fund (NYSEARCA:BTCW)’s share price dropped 2.6% on Friday . The stock traded as low as $68.94 and last traded at $69.47. Approximately 25,152 shares changed hands during mid-day trading, a decline of 57% from the average daily volume of 58,658 shares. The stock had previously closed at $71.33.

WisdomTree Bitcoin Fund Trading Down 2.6%

The stock has a fifty day simple moving average of $86.17 and a 200 day simple moving average of $103.14.

Institutional Trading of WisdomTree Bitcoin Fund

Institutional investors and hedge funds have recently modified their holdings of the stock. Bank of New York Mellon Corp raised its position in WisdomTree Bitcoin Fund by 66.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 120,138 shares of the company’s stock valued at $13,722,000 after purchasing an additional 48,076 shares in the last quarter. Jane Street Group LLC increased its position in shares of WisdomTree Bitcoin Fund by 522.1% during the first quarter. Jane Street Group LLC now owns 38,038 shares of the company’s stock worth $3,319,000 after purchasing an additional 31,924 shares in the last quarter. LPL Financial LLC increased its position in WisdomTree Bitcoin Fund by 89.0% during the 4th quarter. LPL Financial LLC now owns 33,618 shares of the company’s stock valued at $3,116,000 after buying an additional 15,832 shares in the last quarter. Whitaker Myers Wealth Managers LTD. raised its position in shares of WisdomTree Bitcoin Fund by 45.4% in the 4th quarter. Whitaker Myers Wealth Managers LTD. now owns 26,307 shares of the company’s stock valued at $2,438,000 after purchasing an additional 8,217 shares during the last quarter. Finally, Meitav Investment House Ltd. raised its holdings in shares of WisdomTree Bitcoin Fund by 28.9% in the third quarter. Meitav Investment House Ltd. now owns 24,851 shares of the company’s stock worth $3,014,000 after buying an additional 5,574 shares during the last quarter.

WisdomTree Bitcoin Fund Company Profile

The WisdomTree Bitcoin Fund (BTCW) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund passively mirrors the performance of Bitcoin, leveraging a Benchmark Rate for valuation. The fund does not engage in direct investment or management of the digital currency BTCW was launched on Jan 11, 2024 and is issued by WisdomTree.