Riversedge Advisors LLC Reduces Stake in Grayscale Bitcoin Mini Trust ETF $BTC

Riversedge Advisors LLC trimmed its position in shares of Grayscale Bitcoin Mini Trust ETF (NYSEARCA:BTC) by 13.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 196,580 shares of the company’s stock after selling 29,708 shares during the quarter. Grayscale Bitcoin Mini Trust ETF makes up 1.2% of Riversedge Advisors LLC’s portfolio, making the stock its 18th biggest holding. Riversedge Advisors LLC owned 0.29% of Grayscale Bitcoin Mini Trust ETF worth $7,614,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Millennium Management LLC increased its position in shares of Grayscale Bitcoin Mini Trust ETF by 25.0% in the third quarter. Millennium Management LLC now owns 2,500,165 shares of the company’s stock valued at $126,583,000 after buying an additional 500,522 shares in the last quarter. Emory University boosted its position in shares of Grayscale Bitcoin Mini Trust ETF by 91.0% in the 3rd quarter. Emory University now owns 1,023,417 shares of the company’s stock worth $51,816,000 after buying an additional 487,636 shares in the last quarter. Sloy Dahl & Holst LLC boosted its position in shares of Grayscale Bitcoin Mini Trust ETF by 2.9% in the 3rd quarter. Sloy Dahl & Holst LLC now owns 674,710 shares of the company’s stock worth $34,161,000 after buying an additional 18,771 shares in the last quarter. SteelPeak Wealth LLC acquired a new stake in Grayscale Bitcoin Mini Trust ETF in the 3rd quarter valued at about $30,477,000. Finally, Kaleidoscope Capital LP grew its stake in Grayscale Bitcoin Mini Trust ETF by 7.4% in the 3rd quarter. Kaleidoscope Capital LP now owns 543,346 shares of the company’s stock valued at $27,510,000 after acquiring an additional 37,346 shares during the last quarter. Institutional investors and hedge funds own 27.38% of the company’s stock.

Grayscale Bitcoin Mini Trust ETF Stock Performance

Shares of BTC opened at $31.05 on Friday. The company has a 50-day moving average of $33.58 and a two-hundred day moving average of $41.17. Grayscale Bitcoin Mini Trust ETF has a 12-month low of $27.55 and a 12-month high of $55.96.

Grayscale Bitcoin Mini Trust ETF 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.