Pacific Excel Wealth Advisors Inc. Takes $5.33 Million Position in Grayscale Bitcoin Mini Trust ETF $BTC

Pacific Excel Wealth Advisors Inc. purchased a new stake in Grayscale Bitcoin Mini Trust ETF (NYSEARCA:BTC) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 205,477 shares of the company’s stock, valued at approximately $5,332,000. Grayscale Bitcoin Mini Trust ETF comprises 2.1% of Pacific Excel Wealth Advisors Inc.’s holdings, making the stock its 13th biggest holding. Pacific Excel Wealth Advisors Inc. owned about 0.17% of Grayscale Bitcoin Mini Trust ETF at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in BTC. Wells Fargo & Company MN increased its position in Grayscale Bitcoin Mini Trust ETF by 157.6% in the 4th quarter. Wells Fargo & Company MN now owns 1,472,684 shares of the company’s stock valued at $57,037,000 after acquiring an additional 900,987 shares in the last quarter. Millennium Management LLC lifted its holdings in Grayscale Bitcoin Mini Trust ETF by 26.7% during the 4th quarter. Millennium Management LLC now owns 3,167,718 shares of the company’s stock worth $122,686,000 after buying an additional 667,553 shares in the last quarter. NewEdge Wealth LLC lifted its holdings in Grayscale Bitcoin Mini Trust ETF by 3,052.8% during the 1st quarter. NewEdge Wealth LLC now owns 383,564 shares of the company’s stock worth $11,503,000 after buying an additional 371,398 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its position in Grayscale Bitcoin Mini Trust ETF by 20.4% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,297,393 shares of the company’s stock valued at $50,248,000 after buying an additional 220,174 shares during the last quarter. Finally, Assetmark Inc. boosted its position in Grayscale Bitcoin Mini Trust ETF by 448,733.3% in the 4th quarter. Assetmark Inc. now owns 188,510 shares of the company’s stock valued at $7,301,000 after buying an additional 188,468 shares during the last quarter. 27.38% of the stock is owned by institutional investors.

Grayscale Bitcoin Mini Trust ETF Stock Performance

BTC stock opened at $28.40 on Wednesday. Grayscale Bitcoin Mini Trust ETF has a twelve month low of $25.65 and a twelve month high of $55.96. The business has a fifty day moving average of $28.35 and a 200-day moving average of $31.41.

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.