On September 21, Fidelity Wise Origin Bitcoin Fund rose 5.12% in pre-market trading, with the share price reaching $74.27 and turnover of approximately $11.45 million, as the underlying asset Bitcoin surged past $85,000 to its highest level since late January.

The rally was fueled by a confluence of positive regulatory developments. The SEC recently launched an Innovation Exemption mechanism permitting qualified platforms to trade tokenized versions of U.S.-listed stocks on-chain, while the CFTC simultaneously relaxed enforcement postures toward passive software providers in the crypto space. These dual regulatory signals helped the market digest earlier headwinds, including the Senate's rejection of the landmark CLARITY Act and a 25-basis-point Fed rate hike. Bitcoin ETF inflows resumed, providing additional price support.

JPMorgan noted that the unwinding of defensive hedging positions could serve as a further bullish catalyst for Bitcoin, suggesting it has more upside momentum than gold. Bitwise CIO Matt Hogan declared the crypto winter over, projecting what could be the strongest and longest bull market in crypto history. BTIG analysts identified $82,000 as a breakout level with $90,000 as the next target, provided $75,000 support holds.

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 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.)