Grayscale Bitcoin Mini Trust ETF (NYSEARCA:BTC) Hits New 12-Month Low – Here’s What Happened

Grayscale Bitcoin Mini Trust ETF (NYSEARCA:BTC)’s share price reached a new 52-week low on Thursday . The stock traded as low as $31.86 and last traded at $32.46, with a volume of 7548781 shares changing hands. The stock had previously closed at $33.79.

Grayscale Bitcoin Mini Trust ETF Stock Performance

The business has a 50 day moving average of $38.96 and a 200-day moving average of $45.46.

Institutional Trading of Grayscale Bitcoin Mini Trust ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Almanack Investment Partners LLC. increased its stake in Grayscale Bitcoin Mini Trust ETF by 1.5% in the second quarter. Almanack Investment Partners LLC. now owns 14,906 shares of the company’s stock valued at $712,000 after purchasing an additional 220 shares during the period. Orion Porfolio Solutions LLC grew its holdings in shares of Grayscale Bitcoin Mini Trust ETF by 2.5% during the second quarter. Orion Porfolio Solutions LLC now owns 10,639 shares of the company’s stock worth $508,000 after buying an additional 255 shares during the last quarter. Ellsworth Advisors LLC raised its stake in Grayscale Bitcoin Mini Trust ETF by 3.2% during the 3rd quarter. Ellsworth Advisors LLC now owns 9,084 shares of the company’s stock valued at $448,000 after acquiring an additional 278 shares during the last quarter. CW Advisors LLC raised its stake in Grayscale Bitcoin Mini Trust ETF by 4.1% during the 2nd quarter. CW Advisors LLC now owns 7,315 shares of the company’s stock valued at $349,000 after acquiring an additional 286 shares during the last quarter. Finally, Parallel Advisors LLC lifted its position in Grayscale Bitcoin Mini Trust ETF by 3.6% during the 3rd quarter. Parallel Advisors LLC now owns 8,933 shares of the company’s stock worth $452,000 after acquiring an additional 308 shares during the period. Hedge funds and other institutional investors own 27.38% of the company’s stock.

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.