Grayscale Bitcoin Mini Trust ETF (NYSEARCA:BTC) Short Interest Update

Grayscale Bitcoin Mini Trust ETF (NYSEARCA:BTC) was the target of a large decline in short interest in December. As of December 31st, there was short interest totaling 178,475 shares, a decline of 41.2% from the December 15th total of 303,378 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 2,971,465 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 2,971,465 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.3% of the shares of the stock are sold short.

Institutional Trading of Grayscale Bitcoin Mini Trust ETF

A number of large investors have recently made changes to their positions in BTC. NewEdge Advisors LLC raised its holdings in shares of Grayscale Bitcoin Mini Trust ETF by 287.2% during the first quarter. NewEdge Advisors LLC now owns 9,952 shares of the company’s stock worth $363,000 after acquiring an additional 7,382 shares during the period. Geneos Wealth Management Inc. raised its stake in Grayscale Bitcoin Mini Trust ETF by 15.1% in the first quarter. Geneos Wealth Management Inc. now owns 5,246 shares of the company’s stock valued at $191,000 after buying an additional 690 shares during the period. Parallel Advisors LLC lifted its position in shares of Grayscale Bitcoin Mini Trust ETF by 257.7% in the second quarter. Parallel Advisors LLC now owns 8,625 shares of the company’s stock valued at $412,000 after buying an additional 6,214 shares during the last quarter. Procyon Advisors LLC bought a new position in shares of Grayscale Bitcoin Mini Trust ETF during the 2nd quarter worth approximately $232,000. Finally, Archer Investment Management LLC raised its stake in Grayscale Bitcoin Mini Trust ETF by 110.3% in the 2nd quarter. Archer Investment Management LLC now owns 29,126 shares of the company’s stock valued at $1,391,000 after acquiring an additional 15,279 shares during the period. Institutional investors own 27.38% of the company’s stock.

Grayscale Bitcoin Mini Trust ETF Stock Down 1.2%

NYSEARCA BTC traded down $0.51 during trading hours on Thursday, reaching $42.74. 1,772,721 shares of the company’s stock were exchanged, compared to its average volume of 2,788,170. Grayscale Bitcoin Mini Trust ETF has a one year low of $33.53 and a one year high of $55.96. The firm has a fifty day moving average of $40.38 and a 200-day moving average of $46.94.

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. BTC was launched on Jul 31, 2024 and is issued by Grayscale.