Chase Investment Counsel Corp Makes New $856,000 Investment in Grayscale Bitcoin Mini Trust ETF $BTC

Chase Investment Counsel Corp acquired a new stake in shares of Grayscale Bitcoin Mini Trust ETF (NYSEARCA:BTC) in the 2nd quarter, Holdings Channel.com reports. The fund acquired 33,000 shares of the company’s stock, valued at approximately $856,000.

Other hedge funds have also recently modified their holdings of the company. Cornerstone Planning Group LLC grew its position in shares of Grayscale Bitcoin Mini Trust ETF by 498.7% in the 1st quarter. Cornerstone Planning Group LLC now owns 958 shares of the company’s stock worth $29,000 after buying an additional 798 shares during the period. Abound Financial LLC purchased a new position in Grayscale Bitcoin Mini Trust ETF during the 4th quarter valued at about $34,000. Measured Wealth Private Client Group LLC purchased a new position in Grayscale Bitcoin Mini Trust ETF during the 3rd quarter valued at about $34,000. Quattro Advisors LLC bought a new stake in Grayscale Bitcoin Mini Trust ETF during the fourth quarter worth about $35,000. Finally, Ares Financial Consulting LLC bought a new stake in Grayscale Bitcoin Mini Trust ETF during the fourth quarter worth about $40,000. Institutional investors own 27.38% of the company’s stock.

Grayscale Bitcoin Mini Trust ETF Stock Performance

Shares of BTC opened at $27.81 on Monday. Grayscale Bitcoin Mini Trust ETF has a fifty-two week low of $25.65 and a fifty-two week high of $55.96. The firm’s 50-day simple moving average is $28.01 and its two-hundred day simple moving average is $30.72.

About Grayscale Bitcoin Mini Trust ETF

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.