Grayscale Bitcoin Mini Trust ETF (NYSEARCA:BTC – Get Free Report)’s stock price crossed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $35.53 and traded as high as $35.68. Grayscale Bitcoin Mini Trust ETF shares last traded at $35.66, with a volume of 710,129 shares trading hands.
Grayscale Bitcoin Mini Trust ETF Trading Down 1.0%
The stock’s 50-day simple moving average is $35.79 and its two-hundred day simple moving average is $32.49.
Hedge Funds Weigh In On Grayscale Bitcoin Mini Trust ETF
Several hedge funds and other institutional investors have recently modified their holdings of BTC. Mosaic Family Wealth Partners LLC boosted its stake in Grayscale Bitcoin Mini Trust ETF by 3.2% during the first quarter. Mosaic Family Wealth Partners LLC now owns 11,054 shares of the company’s stock worth $332,000 after buying an additional 338 shares during the period. Bleakley Financial Group LLC raised its stake in shares of Grayscale Bitcoin Mini Trust ETF by 1.8% in the 1st quarter. Bleakley Financial Group LLC now owns 24,586 shares of the company’s stock valued at $737,000 after acquiring an additional 441 shares during the period. Acorn Financial Advisory Services Inc. ADV lifted its holdings in shares of Grayscale Bitcoin Mini Trust ETF by 2.6% in the 1st quarter. Acorn Financial Advisory Services Inc. ADV now owns 23,291 shares of the company’s stock worth $698,000 after acquiring an additional 589 shares during the last quarter. Latitude Advisors LLC acquired a new position in shares of Grayscale Bitcoin Mini Trust ETF in the 3rd quarter worth approximately $25,000. Finally, MADDEN SECURITIES Corp purchased a new position in shares of Grayscale Bitcoin Mini Trust ETF during the 3rd quarter worth approximately $25,000. 27.38% of the stock is owned by hedge funds and other institutional investors.
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.
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