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Gold and Bitcoin will benefit from a “debasement trade” caused by geopolitical tensions - analyst
Seeking Alpha News (Thu, 3-Oct 5:06 PM ET)
Bitcoin Drops Below $62,000 As Analysts Warn Of Potential Further Decline
Benzinga (Wed, 2-Oct 1:33 PM ET)
Bitcoin ETFs Face Massive Outflows Amid Middle East Tensions
TipRanks (Wed, 2-Oct 6:09 AM ET)
Fidelity Wise Origin Bitcoin Fund's investment objective is to seek to track the performance of bitcoin, as measured by the performance of the Fidelity Bitcoin Reference Rate (the "Index"), adjusted for the Trust's expenses and other liabilities. The Index is constructed using bitcoin price feeds from eligible bitcoin spot markets and a volume-weighted median price ("VWMP") methodology.
Fidelity Wise Origin Bitcoin Common Shares Of Beneficial Interest trades on the BATS stock market under the symbol FBTC.
As of October 4, 2024, FBTC stock price climbed to $54.56 with 2,623,308 million shares trading.
FBTC has a beta of 0.79, meaning it tends to be less sensitive to market movements. FBTC has a correlation of 0.03 to the broad based SPY ETF.
FBTC has a market cap of $11.13 billion. This is considered a Large Cap stock.
FBTC support price is $51.79 and resistance is $54.91 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FBTC shares will trade within this expected range on the day.