Pasadena Private Wealth LLC Trims Position in Grayscale Bitcoin Mini Trust ETF $BTC

Pasadena Private Wealth LLC decreased its holdings in shares of Grayscale Bitcoin Mini Trust ETF (NYSEARCA:BTC) by 26.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 228,044 shares of the company’s stock after selling 82,421 shares during the period. Grayscale Bitcoin Mini Trust ETF makes up approximately 0.9% of Pasadena Private Wealth LLC’s holdings, making the stock its 22nd largest position. Pasadena Private Wealth LLC owned approximately 0.19% of Grayscale Bitcoin Mini Trust ETF worth $6,839,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in BTC. Flagship Harbor Advisors LLC acquired a new position in Grayscale Bitcoin Mini Trust ETF in the 4th quarter valued at about $27,000. Strategic Advocates LLC acquired a new stake in Grayscale Bitcoin Mini Trust ETF during the 3rd quarter worth approximately $28,000. Abound Financial LLC acquired a new stake in Grayscale Bitcoin Mini Trust ETF during the 4th quarter worth approximately $34,000. Measured Wealth Private Client Group LLC purchased a new position in shares of Grayscale Bitcoin Mini Trust ETF in the 3rd quarter valued at approximately $34,000. Finally, Quattro Advisors LLC purchased a new position in shares of Grayscale Bitcoin Mini Trust ETF in the 4th quarter valued at approximately $35,000. Hedge funds and other institutional investors own 27.38% of the company’s stock.

Grayscale Bitcoin Mini Trust ETF Price Performance

NYSEARCA:BTC opened at $26.39 on Monday. The stock’s 50 day simple moving average is $31.83 and its 200-day simple moving average is $33.62. Grayscale Bitcoin Mini Trust ETF has a 12-month low of $25.65 and a 12-month high of $55.96.

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.