Fidelity Wise Origin Bitcoin Fund (FBTC)
After hours:
| Previous close | 51.93 |
| Open | 53.55 |
| Bid | 54.96 x 800 |
| Ask | 55.60 x 1800 |
| Day's range | 53.51 - 54.50 |
| 52-week range | 33.77 - 64.42 |
| Volume | |
| Avg. volume | 11,790,303 |
| Net assets | 9.17B |
| NAV | 54.01 |
| 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 ETFs saw record outflows around Fed rate decision
Bitcoin (BTC-USD) is holding above $58,000 after falling to a two-month low ahead of the Federal Reserve's interest rate decision on Wednesday. Yahoo Finance Senior Markets Reporter Jared Blikre monitors the action occurring in the crypto space, taking a closer look at downward movements seen in spot bitcoin ETFs. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
Yahoo Finance UKBitcoin dips below $58,000 after record daily ETF sell-off
ETF sell-offs are continuing and the price of bitcoin is dipping.
- 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
