WisdomTree Bitcoin Fund (NYSEARCA:BTCW) Stock Price Up 5.2% – Time to Buy?

WisdomTree Bitcoin Fund (NYSEARCA:BTCW) was up 5.2% on Monday . The stock traded as high as $94.04 and last traded at $93.56. Approximately 57,874 shares changed hands during trading, a decline of 71% from the average daily volume of 200,787 shares. The stock had previously closed at $88.92.

WisdomTree Bitcoin Fund Trading Up 5.2 %

The business has a fifty day moving average price of $99.36 and a two-hundred day moving average price of $90.32.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Frazier Financial Advisors LLC acquired a new stake in shares of WisdomTree Bitcoin Fund in the fourth quarter worth about $63,000. Whitaker Myers Wealth Managers LTD. acquired a new position in shares of WisdomTree Bitcoin Fund during the 4th quarter valued at about $232,000. Essex LLC bought a new position in shares of WisdomTree Bitcoin Fund in the 4th quarter valued at approximately $245,000. Financial Life Planners acquired a new stake in WisdomTree Bitcoin Fund in the 4th quarter worth approximately $408,000. Finally, Private Advisor Group LLC bought a new stake in WisdomTree Bitcoin Fund during the fourth quarter worth approximately $489,000.

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.