MADDEN SECURITIES Corp Invests $10.63 Million in Grayscale Bitcoin Covered Call ETF $BTCC

MADDEN SECURITIES Corp purchased a new stake in Grayscale Bitcoin Covered Call ETF (NYSEARCA:BTCC) during the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 342,587 shares of the company’s stock, valued at approximately $10,627,000. Grayscale Bitcoin Covered Call ETF comprises approximately 3.2% of MADDEN SECURITIES Corp’s portfolio, making the stock its 8th biggest position. MADDEN SECURITIES Corp owned 0.28% of Grayscale Bitcoin Covered Call ETF as of its most recent filing with the Securities & Exchange Commission.

Separately, CWM LLC grew its position in shares of Grayscale Bitcoin Covered Call ETF by 548.6% during the 3rd quarter. CWM LLC now owns 3,366 shares of the company’s stock worth $104,000 after purchasing an additional 2,847 shares in the last quarter.

Grayscale Bitcoin Covered Call ETF Trading Up 0.2%

NYSEARCA BTCC opened at $22.14 on Friday. The company has a 50 day moving average of $23.08 and a 200-day moving average of $29.76. Grayscale Bitcoin Covered Call ETF has a 1-year low of $21.27 and a 1-year high of $37.57.

Grayscale Bitcoin Covered Call ETF Company Profile

The manager seeks to achieve its investment objective primarily through actively-managed exposure to bitcoin ETPs, including, but not limited to, Grayscale Bitcoin Trust ETF and Grayscale Bitcoin Mini Trust ETF and the purchase and sale of a combination of call and put option contracts that utilize Bitcoin ETPs as the reference asset. The fund is non-diversified.