Fidelity Wise Origin Bitcoin Fund (FBTC)
After hours:
| Previous close | 56.61 |
| Open | 55.80 |
| Bid | 55.91 x 1000 |
| Ask | 56.03 x 800 |
| Day's range | 55.35 - 56.67 |
| 52-week range | 33.77 - 64.42 |
| Volume | |
| Avg. volume | 11,476,603 |
| Net assets | 10.17B |
| NAV | 55.84 |
| PE ratio (TTM) | N/A |
| Yield | N/A |
| YTD daily total return | N/A |
| Beta (5Y monthly) | 0.00 |
| Expense ratio (net) | 0.00% |
| Inception date | 2024-01-10 |
- Yahoo Finance Video
Bitcoin's price patterns 'not unusual' ahead of halving event
Bitcoin (BTC-USD) is slowly recovering after experiencing recent declines from its all-time highs. Benchmark Managing Director and Senior Research Analyst of Fintech and Digital Assets Mark Palmer joins Yahoo Finance Live to discuss the cryptocurrency's pricing patterns ahead of April's expected bitcoin halving event. Palmer highlights that historical trends suggest the occurrence of a bitcoin halving "is not unusual." He points out that in 2016 and 2020, "significant retracements in price" preceding the bitcoin halving, and the same pattern is unfolding "in the 2024 cycle." Palmer draws an analogy between a bitcoin halving and "a wildfire," explaining that when the rewards paid to miners are halved, it prompts many miners to exit the market, leading to increased volatility. However, Palmer notes that historically, an extended rally tends to follow after a bitcoin halving event. He also notes "demand shocks" stemming from the approval of spot bitcoin ETFs and the spillover into stocks crypto stock associated with the space's volatility, such as MicroStrategy (MSTR). For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Angel Smith
- Yahoo Finance Video
Bitcoin rally continues above new record $73K
Bitcoin (BTC-USD) keeps on rolling, leading the charge in the crypto rally as it soars past $73,000, another record high for the digital asset in 2024. Yahoo Finance Senior Markets Reporter Jared Blikre analyzes bitcoin's multi-year performance, turning his attention to ethereum's (ETH-USD) gains and the tremendous inflows moving into US-listed spot bitcoin ETFs. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Luke Carberry Mogan.
- Yahoo Finance Video
Bitcoin rally: Should investors buy into reinvigorated crypto hype?
Bitcoin (BTC-USD) is one of the center focuses on Wall Street this week as the cryptocurrency hit a new all-time high above $72,000 per coin. While many investors are thrilled, some investors are cautious due to the extremely volatile nature of the asset. Mizuho Americas Senior Financial Technology Analyst Dan Dolev and Matt Ballensweig, BitGo Managing Director and Head of Go Network, joins Yahoo Finance to discuss how investors can take advantage of the recent bitcoin rally. Dolev actually starts by warning investors to stay away from crypto investing: "Let's talk about Coinbase (COIN) specifically, they are a take-rate business. And take rates are always bound to be a race to the bottom. And eventually, there's going to be more competition and they are already getting out pricing concessions. In January, they gave out a pricing concession for people who are trading 500,000 or above. So pricing pressure is starting and competition is heating up. So the fact that I don't believe in the underlying currency — bitcoin — that's one thing, but irrespective of that, I think Coinbase is that minus take-rate pressure and competition." Ballensweig explains his bullish stance on the digital asset: "Institutions are starting to pile in through the nine new bitcoin ETFs. And the flows really don't lie here, there is demand for BTC as an asset. BlackRock through the IBIT ETF (IBIT) did $2 billion in volume yesterday. In total, the ETFs now hold over $55 billion in just their first 60 days of trading. So the flows really don't lie here." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino
