WisdomTree Bitcoin Fund (NYSEARCA:BTCW) Trading 5.9% Higher – Should You Buy?

WisdomTree Bitcoin Fund (NYSEARCA:BTCW)’s stock price was up 5.9% during mid-day trading on Friday . The stock traded as high as $67.37 and last traded at $67.04. Approximately 60,327 shares were traded during mid-day trading, a decline of 72% from the average daily volume of 217,056 shares. The stock had previously closed at $63.29.

WisdomTree Bitcoin Fund Stock Up 5.9 %

The firm has a 50 day moving average of $63.83 and a 200-day moving average of $67.21.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC bought a new stake in WisdomTree Bitcoin Fund during the 1st quarter valued at $12,071,000. Bank of New York Mellon Corp purchased a new position in WisdomTree Bitcoin Fund in the second quarter valued at about $7,105,000. Headlands Technologies LLC bought a new position in WisdomTree Bitcoin Fund in the second quarter worth about $103,000. Renaissance Technologies LLC purchased a new stake in shares of WisdomTree Bitcoin Fund during the second quarter valued at about $1,063,000. Finally, Virtu Financial LLC bought a new stake in shares of WisdomTree Bitcoin Fund in the 2nd quarter valued at about $1,043,000.

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.