Grayscale Bitcoin Mini Trust (NYSEARCA:BTC) Shares Set to Reverse Split on Wednesday, November 20th

Shares of Grayscale Bitcoin Mini Trust (NYSEARCA:BTC) are scheduled to reverse split on the morning of Wednesday, November 20th. The 1-5 reverse split was announced on Friday, November 8th. The number of shares owned by shareholders will be adjusted after the closing bell on Tuesday, November 19th.

Grayscale Bitcoin Mini Trust Trading Up 3.0 %

Shares of BTC stock traded up $0.23 during mid-day trading on Tuesday, hitting $7.96. 31,074,153 shares of the stock were exchanged, compared to its average volume of 9,039,136. Grayscale Bitcoin Mini Trust has a 52-week low of $4.40 and a 52-week high of $7.99. The firm has a fifty day moving average of $5.75 and a 200 day moving average of $46.95.

Institutional Trading of Grayscale Bitcoin Mini Trust

A number of hedge funds have recently bought and sold shares of the business. ZRC Wealth Management LLC acquired a new stake in shares of Grayscale Bitcoin Mini Trust during the 3rd quarter worth approximately $36,000. Brookstone Capital Management purchased a new position in Grayscale Bitcoin Mini Trust in the 3rd quarter valued at approximately $689,000. Watts Gwilliam & Co. LLC purchased a new stake in shares of Grayscale Bitcoin Mini Trust during the 3rd quarter worth $231,000. Fiduciary Financial Group LLC purchased a new stake in shares of Grayscale Bitcoin Mini Trust during the 3rd quarter worth $69,000. Finally, Valeo Financial Advisors LLC acquired a new position in Grayscale Bitcoin Mini Trust in the third quarter valued at $64,000.