Centurion Wealth Management LLC Has $2.40 Million Holdings in Grayscale Bitcoin Mini Trust ETF $BTC

Centurion Wealth Management LLC grew its holdings in Grayscale Bitcoin Mini Trust ETF (NYSEARCA:BTC) by 1,056.5% in the 2nd quarter, Holdings Channel reports. The fund owned 92,440 shares of the company’s stock after purchasing an additional 84,447 shares during the quarter. Centurion Wealth Management LLC’s holdings in Grayscale Bitcoin Mini Trust ETF were worth $2,399,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of BTC. Wells Fargo & Company MN increased its position in Grayscale Bitcoin Mini Trust ETF by 157.6% during the fourth quarter. Wells Fargo & Company MN now owns 1,472,684 shares of the company’s stock worth $57,037,000 after acquiring an additional 900,987 shares during the period. Millennium Management LLC boosted its holdings in Grayscale Bitcoin Mini Trust ETF by 26.7% in the 4th quarter. Millennium Management LLC now owns 3,167,718 shares of the company’s stock valued at $122,686,000 after purchasing an additional 667,553 shares during the period. NewEdge Wealth LLC boosted its holdings in Grayscale Bitcoin Mini Trust ETF by 3,052.8% in the 1st quarter. NewEdge Wealth LLC now owns 383,564 shares of the company’s stock valued at $11,503,000 after purchasing an additional 371,398 shares during the period. Steward Partners Investment Advisory LLC boosted its holdings 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 purchasing an additional 220,174 shares during the period. Finally, Pacific Excel Wealth Advisors Inc. acquired a new stake in Grayscale Bitcoin Mini Trust ETF in the 2nd quarter worth $5,332,000. Institutional investors and hedge funds own 27.38% of the company’s stock.

Grayscale Bitcoin Mini Trust ETF Stock Performance

NYSEARCA:BTC opened at $28.73 on Monday. The firm’s 50-day moving average is $28.11 and its 200-day moving average is $31.12. Grayscale Bitcoin Mini Trust ETF has a 52-week low of $25.65 and a 52-week 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.