On September 21, Fidelity Wise Origin Bitcoin Fund rose 5.19% in regular trading, reaching $74.35 per share with turnover of approximately $88.32 million. The rally closely tracked Bitcoin's surge past the $85,000 level, marking an eight-month high for the cryptocurrency.

The primary catalyst was a confluence of bullish developments. The SEC issued a five-year innovation exemption order permitting tokenized U.S. equities to trade via liquidity pools on public blockchains, igniting a broad crypto rally. This policy shift came on the heels of two major headwinds being absorbed: the failure of the CLARITY Act in the U.S. Senate and the Fed's first rate hike since 2023, raising the federal funds rate 25 basis points to 3.75%-4%. Markets interpreted the Fed's dot plot — projecting only one additional hike — as evidence that the tightening cycle would not escalate, triggering a classic risk-on response. Approximately $470 million in short positions were liquidated within 24 hours as Bitcoin rebounded from $76,000 to above $85,000. Crypto-linked equities rallied in tandem, with Strategy up over 8% and Coinbase up over 6%.

Fidelity Wise Origin Bitcoin Fund seeks to track the performance of bitcoin as measured by the Fidelity Bitcoin Reference Rate, adjusted for the Trust's expenses and other liabilities. The Trust holds bitcoin directly and values its shares daily based on the same methodology used to calculate the benchmark index.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)