WealthPlan Investment Management LLC purchased a new stake in Grayscale Bitcoin Mini Trust ETF (NYSEARCA:BTC – Free Report) in the third quarter, Holdings Channel reports. The firm purchased 27,224 shares of the company’s stock, valued at approximately $1,006,000.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. NewEdge Wealth LLC lifted its position in Grayscale Bitcoin Mini Trust ETF by 3,052.8% during the first quarter. NewEdge Wealth LLC now owns 383,564 shares of the company’s stock worth $11,503,000 after buying an additional 371,398 shares in the last quarter. Pacific Excel Wealth Advisors Inc. acquired a new position in Grayscale Bitcoin Mini Trust ETF during the second quarter worth $5,332,000. Ascension Capital Advisors Inc. purchased a new stake in Grayscale Bitcoin Mini Trust ETF in the 1st quarter valued at $4,113,000. Tidal Investments LLC grew its holdings in Grayscale Bitcoin Mini Trust ETF by 10.4% in the 2nd quarter. Tidal Investments LLC now owns 1,093,783 shares of the company’s stock valued at $28,384,000 after buying an additional 102,673 shares in the last quarter. Finally, Centurion Wealth Management LLC grew its holdings in Grayscale Bitcoin Mini Trust ETF by 1,056.5% in the 2nd quarter. Centurion Wealth Management LLC now owns 92,440 shares of the company’s stock valued at $2,399,000 after buying an additional 84,447 shares in the last quarter. Institutional investors and hedge funds own 27.38% of the company’s stock.
Grayscale Bitcoin Mini Trust ETF Stock Up 0.8%
Shares of BTC opened at $36.37 on Friday. Grayscale Bitcoin Mini Trust ETF has a 52-week low of $25.65 and a 52-week high of $51.43. The stock has a fifty day simple moving average of $34.41 and a two-hundred day simple moving average of $31.91.
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.
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Want to see what other hedge funds are holding BTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Grayscale Bitcoin Mini Trust ETF (NYSEARCA:BTC – Free Report).
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