Independent Advisor Alliance Purchases New Shares in Grayscale Bitcoin Mini Trust ETF $BTC

Independent Advisor Alliance purchased a new position in shares of Grayscale Bitcoin Mini Trust ETF (NYSEARCA:BTC) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 17,469 shares of the company’s stock, valued at approximately $677,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Orion Porfolio Solutions LLC raised its position in shares of Grayscale Bitcoin Mini Trust ETF by 2.5% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 10,639 shares of the company’s stock valued at $508,000 after acquiring an additional 255 shares during the last quarter. Parallel Advisors LLC boosted its position in shares of Grayscale Bitcoin Mini Trust ETF by 3.6% in the 3rd quarter. Parallel Advisors LLC now owns 8,933 shares of the company’s stock worth $452,000 after purchasing an additional 308 shares during the last quarter. Almanack Investment Partners LLC. boosted its position in shares of Grayscale Bitcoin Mini Trust ETF by 1.2% in the 4th quarter. Almanack Investment Partners LLC. now owns 26,700 shares of the company’s stock worth $1,034,000 after purchasing an additional 323 shares during the last quarter. Wilmington Savings Fund Society FSB grew its stake in shares of Grayscale Bitcoin Mini Trust ETF by 7.8% during the third quarter. Wilmington Savings Fund Society FSB now owns 4,805 shares of the company’s stock worth $243,000 after purchasing an additional 347 shares during the period. Finally, Fiduciary Alliance LLC grew its stake in shares of Grayscale Bitcoin Mini Trust ETF by 2.9% during the fourth quarter. Fiduciary Alliance LLC now owns 12,709 shares of the company’s stock worth $492,000 after purchasing an additional 358 shares during the period. Institutional investors and hedge funds own 27.38% of the company’s stock.

Grayscale Bitcoin Mini Trust ETF Trading Down 2.9%

NYSEARCA BTC opened at $34.98 on Friday. Grayscale Bitcoin Mini Trust ETF has a 12 month low of $27.55 and a 12 month high of $55.96. The stock has a 50-day simple moving average of $32.57 and a 200 day simple moving average of $36.42.

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. BTC was launched on Jul 31, 2024 and is issued by Grayscale.