(FBTC) Fidelity Wise Origin - Ratings and Ratios

Fidelity Wise Origin Bitcoin Trust (FBTC) is an exchange-traded fund (ETF) that provides investors with exposure to bitcoin, utilizing a robust index methodology to track the cryptocurrencys price. The index is constructed using bitcoin price feeds from eligible spot markets, applying a volume-weighted median price (VWMP) calculation every 15 seconds over a rolling 60-minute period. This approach aims to provide a fair and representative price of bitcoin.

The trust holds bitcoin and values its shares daily at 4:00 p.m. EST, employing the same VWMP methodology used for the index. The custodian holds all of the trusts bitcoin, ensuring secure storage. As a digital assets ETF, FBTC offers a convenient and regulated way for investors to gain exposure to bitcoin, with a current AUM of $21.864 billion USD.

From a technical analysis perspective, FBTCs price is currently at $91.65, with short-term and long-term moving averages indicating a potential bullish trend. The SMA20 is at $91.77, slightly above the current price, while the SMA50 and SMA200 are at $82.69 and $74.59, respectively, suggesting a strong upward momentum. The ATR of 2.31 (2.52%) indicates moderate volatility. Given the current technical setup and fundamental data, a forecast suggests that FBTC may continue its upward trend, potentially reaching the 52-week high of $97.06 in the near term, driven by the growing demand for bitcoin and the trusts increasing AUM.

Considering the fundamental data, the AUM of $21.864 billion USD indicates a strong investor appetite for FBTC, which is likely to continue driving the trusts growth. As the bitcoin market evolves, FBTC is well-positioned to capitalize on the trend, given its robust index methodology and secure custodial arrangements. Our forecast is based on the analysis of both technical and fundamental data, suggesting a potential price appreciation in the near term.