WisdomTree Bitcoin Fund (BATS:BTCW) Stock Breaks Below 200-Day Moving Average – Here’s What Happened

Shares of WisdomTree Bitcoin Fund (BATS:BTCW) crossed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $76.88 and traded as low as $75.31. WisdomTree Bitcoin Fund shares last traded at $75.31, with a volume of 7,156 shares.

WisdomTree Bitcoin Fund Trading Down 4.4%

The business has a fifty day moving average price of $85.10 and a 200 day moving average price of $76.88.

Institutional Investors Weigh In On WisdomTree Bitcoin Fund

A number of institutional investors have recently added to or reduced their stakes in BTCW. Bank of New York Mellon Corp increased its stake in WisdomTree Bitcoin Fund by 105.9% during the first quarter. Bank of New York Mellon Corp now owns 179,758 shares of the company’s stock worth $12,890,000 after acquiring an additional 92,443 shares during the last quarter. Whitaker Myers Wealth Managers LTD. grew its holdings in shares of WisdomTree Bitcoin Fund by 14.5% during the 2nd quarter. Whitaker Myers Wealth Managers LTD. now owns 44,296 shares of the company’s stock worth $2,746,000 after purchasing an additional 5,600 shares during the period. Private Advisor Group LLC acquired a new stake in WisdomTree Bitcoin Fund during the 3rd quarter worth approximately $246,000. Commonwealth Equity Services LLC acquired a new stake in WisdomTree Bitcoin Fund during the 3rd quarter worth approximately $230,000. Finally, Harel Insurance Investments & Financial Services Ltd. increased its position in WisdomTree Bitcoin Fund by 44.4% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 5,241 shares of the company’s stock worth $376,000 after purchasing an additional 1,612 shares in the last quarter.

About WisdomTree Bitcoin Fund

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.