Grayscale Bitcoin Mini Trust ETF $BTC Shares Acquired by Merit Financial Group LLC

Merit Financial Group LLC raised its holdings in shares of Grayscale Bitcoin Mini Trust ETF (NYSEARCA:BTC) by 42.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 73,639 shares of the company’s stock after purchasing an additional 21,844 shares during the period. Merit Financial Group LLC owned 0.11% of Grayscale Bitcoin Mini Trust ETF worth $3,516,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. ORG Partners LLC increased its position in shares of Grayscale Bitcoin Mini Trust ETF by 1,402.6% in the 2nd quarter. ORG Partners LLC now owns 571 shares of the company’s stock valued at $27,000 after acquiring an additional 533 shares during the period. Headlands Technologies LLC increased its position in shares of Grayscale Bitcoin Mini Trust ETF by 219.1% in the 1st quarter. Headlands Technologies LLC now owns 702 shares of the company’s stock valued at $26,000 after acquiring an additional 482 shares during the period. Opal Wealth Advisors LLC acquired a new position in shares of Grayscale Bitcoin Mini Trust ETF in the 1st quarter valued at $27,000. Keystone Financial Group Inc. acquired a new position in shares of Grayscale Bitcoin Mini Trust ETF in the 1st quarter valued at $28,000. Finally, Elequin Capital LP acquired a new position in shares of Grayscale Bitcoin Mini Trust ETF in the 1st quarter valued at $28,000. 27.38% of the stock is owned by institutional investors and hedge funds.

Grayscale Bitcoin Mini Trust ETF Price Performance

NYSEARCA BTC opened at $53.88 on Wednesday. The stock’s fifty day moving average price is $50.87 and its 200 day moving average price is $46.88. Grayscale Bitcoin Mini Trust ETF has a 1 year low of $26.10 and a 1 year high of $55.96.

Grayscale Bitcoin Mini Trust ETF 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.