Grayscale Bitcoin Mini Trust ETF (NYSEARCA:BTC) Short Interest Down 41.2% in December

Grayscale Bitcoin Mini Trust ETF (NYSEARCA:BTC) was the recipient of a significant drop in short interest in December. As of December 31st, there was short interest totaling 178,475 shares, a drop of 41.2% from the December 15th total of 303,378 shares. Based on an average daily trading volume, of 2,971,465 shares, the short-interest ratio is presently 0.1 days. Currently, 0.3% of the company’s stock are sold short. Currently, 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 2,971,465 shares, the short-interest ratio is presently 0.1 days.

Grayscale Bitcoin Mini Trust ETF Stock Down 0.5%

Shares of NYSEARCA BTC traded down $0.19 during mid-day trading on Friday, reaching $41.96. 1,699,922 shares of the company’s stock traded hands, compared to its average volume of 2,829,503. The business has a 50-day simple moving average of $40.33 and a 200 day simple moving average of $46.90. Grayscale Bitcoin Mini Trust ETF has a 1-year low of $33.53 and a 1-year high of $55.96.

Institutional Trading of Grayscale Bitcoin Mini Trust ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BTC. Millennium Management LLC lifted its holdings in shares of Grayscale Bitcoin Mini Trust ETF by 25.0% in the third quarter. Millennium Management LLC now owns 2,500,165 shares of the company’s stock valued at $126,583,000 after purchasing an additional 500,522 shares in the last quarter. Emory University raised its position in Grayscale Bitcoin Mini Trust ETF by 91.0% in the 3rd quarter. Emory University now owns 1,023,417 shares of the company’s stock valued at $51,816,000 after buying an additional 487,636 shares during the last quarter. Sloy Dahl & Holst LLC raised its position in Grayscale Bitcoin Mini Trust ETF by 2.9% in the 3rd quarter. Sloy Dahl & Holst LLC now owns 674,710 shares of the company’s stock valued at $34,161,000 after buying an additional 18,771 shares during the last quarter. Paragon Advisors LLC bought a new position in Grayscale Bitcoin Mini Trust ETF during the 4th quarter valued at $25,913,000. Finally, SteelPeak Wealth LLC purchased a new position in Grayscale Bitcoin Mini Trust ETF during the 3rd quarter worth $30,477,000. 27.38% of the stock is owned by 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.