NewEdge Wealth LLC boosted its stake in shares of Grayscale Bitcoin Mini Trust ETF (NYSEARCA:BTC – Free Report) by 3,052.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 383,564 shares of the company’s stock after acquiring an additional 371,398 shares during the period. NewEdge Wealth LLC owned 0.33% of Grayscale Bitcoin Mini Trust ETF worth $11,503,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Flagship Harbor Advisors LLC bought a new stake in shares of Grayscale Bitcoin Mini Trust ETF during the 4th quarter valued at $27,000. Cornerstone Planning Group LLC raised its stake in Grayscale Bitcoin Mini Trust ETF by 498.7% in the first quarter. Cornerstone Planning Group LLC now owns 958 shares of the company’s stock valued at $29,000 after purchasing an additional 798 shares in the last quarter. Abound Financial LLC acquired a new position in Grayscale Bitcoin Mini Trust ETF in the fourth quarter valued at about $34,000. Measured Wealth Private Client Group LLC bought a new stake in Grayscale Bitcoin Mini Trust ETF during the third quarter worth about $34,000. Finally, Quattro Advisors LLC bought a new stake in Grayscale Bitcoin Mini Trust ETF during the fourth quarter worth about $35,000. 27.38% of the stock is owned by institutional investors and hedge funds.
Grayscale Bitcoin Mini Trust ETF Price Performance
BTC stock opened at $29.14 on Thursday. Grayscale Bitcoin Mini Trust ETF has a 12 month low of $25.65 and a 12 month high of $55.96. The company’s 50-day moving average price is $29.41 and its two-hundred day moving average price is $32.21.
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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