Grayscale Bitcoin Mini Trust ETF (NYSEARCA:BTC) Trading Up 4.9% – What’s Next?

Grayscale Bitcoin Mini Trust ETF (NYSEARCA:BTC) was up 4.9% during mid-day trading on Friday . The stock traded as high as $35.58 and last traded at $35.4850. 400,807 shares changed hands during trading, a decline of 86% from the average daily volume of 2,921,565 shares. The stock had previously closed at $33.82.

Grayscale Bitcoin Mini Trust ETF Stock Performance

The stock’s 50-day moving average is $30.99 and its 200 day moving average is $31.08.

Institutional Investors Weigh In On Grayscale Bitcoin Mini Trust ETF

Several institutional investors have recently added to or reduced their stakes in the business. Tidal Investments LLC raised its position in Grayscale Bitcoin Mini Trust ETF by 10.4% during the second quarter. Tidal Investments LLC now owns 1,093,783 shares of the company’s stock valued at $28,384,000 after acquiring an additional 102,673 shares in the last quarter. NewEdge Wealth LLC increased its holdings in shares of Grayscale Bitcoin Mini Trust ETF by 3,052.8% during the 1st quarter. NewEdge Wealth LLC now owns 383,564 shares of the company’s stock valued at $11,503,000 after purchasing an additional 371,398 shares in the last quarter. HighTower Advisors LLC lifted its stake in shares of Grayscale Bitcoin Mini Trust ETF by 9.3% in the 4th quarter. HighTower Advisors LLC now owns 347,474 shares of the company’s stock valued at $13,458,000 after purchasing an additional 29,666 shares during the period. Pasadena Private Wealth LLC boosted its holdings in Grayscale Bitcoin Mini Trust ETF by 40.4% during the fourth quarter. Pasadena Private Wealth LLC now owns 310,465 shares of the company’s stock worth $12,024,000 after buying an additional 89,354 shares in the last quarter. Finally, EagleClaw Capital Managment LLC grew its position in Grayscale Bitcoin Mini Trust ETF by 1.4% during the fourth quarter. EagleClaw Capital Managment LLC now owns 301,190 shares of the company’s stock valued at $11,665,000 after buying an additional 4,080 shares during the period. Institutional investors and hedge funds own 27.38% of the company’s stock.

Grayscale Bitcoin Mini Trust ETF Company Profile

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.