Ovata Capital Management Ltd Buys Shares of 567,872 Grayscale Bitcoin Mini Trust ETF $BTC

Ovata Capital Management Ltd purchased a new position in shares of Grayscale Bitcoin Mini Trust ETF (NYSEARCA:BTC) in the second quarter, Holdings Channel.com reports. The fund purchased 567,872 shares of the company’s stock, valued at approximately $27,107,000. Grayscale Bitcoin Mini Trust ETF makes up about 5.9% of Ovata Capital Management Ltd’s portfolio, making the stock its 6th biggest position.

Other institutional investors have also recently made changes to their positions in the company. Headlands Technologies LLC grew its position in Grayscale Bitcoin Mini Trust ETF by 219.1% in the first quarter. Headlands Technologies LLC now owns 702 shares of the company’s stock worth $26,000 after acquiring an additional 482 shares during the period. ORG Partners LLC grew its holdings in shares of Grayscale Bitcoin Mini Trust ETF by 1,402.6% during the 2nd quarter. ORG Partners LLC now owns 571 shares of the company’s stock worth $27,000 after purchasing an additional 533 shares during the period. Keystone Financial Group Inc. purchased a new position in shares of Grayscale Bitcoin Mini Trust ETF during the 1st quarter worth $28,000. Elequin Capital LP acquired a new stake in shares of Grayscale Bitcoin Mini Trust ETF during the 1st quarter worth about $28,000. Finally, Jackson Grant Investment Advisers Inc. boosted its stake in Grayscale Bitcoin Mini Trust ETF by 207.6% during the first quarter. Jackson Grant Investment Advisers Inc. now owns 849 shares of the company’s stock worth $31,000 after buying an additional 573 shares during the period. Hedge funds and other institutional investors own 27.38% of the company’s stock.

Grayscale Bitcoin Mini Trust ETF Price Performance

Grayscale Bitcoin Mini Trust ETF stock opened at $45.98 on Thursday. The company’s 50 day simple moving average is $50.03 and its 200-day simple moving average is $48.75. Grayscale Bitcoin Mini Trust ETF has a 1 year low of $32.60 and a 1 year high of $55.96.

About Grayscale Bitcoin Mini Trust ETF

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.