Grayscale Bitcoin Mini Trust ETF $BTC Shares Sold by HFG Wealth Management LLC

HFG Wealth Management LLC lessened its stake in Grayscale Bitcoin Mini Trust ETF (NYSEARCA:BTC) by 2.3% in the 2nd quarter, HoldingsChannel reports. The fund owned 175,264 shares of the company’s stock after selling 4,163 shares during the quarter. Grayscale Bitcoin Mini Trust ETF accounts for about 4.9% of HFG Wealth Management LLC’s holdings, making the stock its 7th biggest holding. HFG Wealth Management LLC’s holdings in Grayscale Bitcoin Mini Trust ETF were worth $8,369,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BTC. Vermillion & White Wealth Management Group LLC acquired a new stake in Grayscale Bitcoin Mini Trust ETF in the 4th quarter valued at about $42,000. Copia Wealth Management acquired a new stake in Grayscale Bitcoin Mini Trust ETF in the 4th quarter valued at about $144,000. Parallel Advisors LLC increased its position in Grayscale Bitcoin Mini Trust ETF by 133.2% in the 1st quarter. Parallel Advisors LLC now owns 2,411 shares of the company’s stock valued at $88,000 after acquiring an additional 1,377 shares in the last quarter. Veery Capital LLC acquired a new stake in Grayscale Bitcoin Mini Trust ETF in the 1st quarter valued at about $210,000. Finally, Verde Capital Management acquired a new stake in Grayscale Bitcoin Mini Trust ETF in the 1st quarter valued at about $347,000. Institutional investors and hedge funds own 27.38% of the company’s stock.

Grayscale Bitcoin Mini Trust ETF Stock Performance

BTC opened at $51.07 on Tuesday. Grayscale Bitcoin Mini Trust ETF has a 1-year low of $25.50 and a 1-year high of $54.48. The firm has a 50-day moving average price of $50.98 and a two-hundred day moving average price of $45.39.

Grayscale Bitcoin Mini Trust ETF Company Profile

The Grayscale Bitcoin Mini Trust ETF (BTC) is an exchange-traded fund that is based on the CoinDesk Bitcoin Cash Price index. The fund is passively managed, offering exposure to the daily USD spot price of Bitcoin, less expenses and liabilities. An investment in the fund is not a direct investment in Bitcoin.