Grayscale Bitcoin Mini Trust (NYSEARCA:BTC) Shares Gap Down – What’s Next?

Grayscale Bitcoin Mini Trust (NYSEARCA:BTC)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $37.54, but opened at $36.75. Grayscale Bitcoin Mini Trust shares last traded at $36.73, with a volume of 120,027 shares trading hands.

Grayscale Bitcoin Mini Trust Stock Down 1.3 %

The business has a fifty day simple moving average of $42.11 and a two-hundred day simple moving average of $37.25.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Jane Street Group LLC purchased a new position in shares of Grayscale Bitcoin Mini Trust during the 3rd quarter worth $111,916,000. Horizon Kinetics Asset Management LLC purchased a new position in shares of Grayscale Bitcoin Mini Trust during the 3rd quarter worth $86,042,000. HighTower Advisors LLC purchased a new position in shares of Grayscale Bitcoin Mini Trust during the 3rd quarter worth $7,491,000. EagleClaw Capital Managment LLC purchased a new position in shares of Grayscale Bitcoin Mini Trust during the 3rd quarter worth $5,719,000. Finally, One Charles Private Wealth Services LLC purchased a new position in shares of Grayscale Bitcoin Mini Trust during the 3rd quarter worth $2,660,000.

About Grayscale Bitcoin Mini Trust

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.