Sequoia Financial Advisors LLC Increases Stake in Grayscale Bitcoin Mini Trust ETF $BTC

Sequoia Financial Advisors LLC lifted its holdings in shares of Grayscale Bitcoin Mini Trust ETF (NYSEARCA:BTC) by 262.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 37,177 shares of the company’s stock after purchasing an additional 26,912 shares during the period. Sequoia Financial Advisors LLC owned about 0.05% of Grayscale Bitcoin Mini Trust ETF worth $1,882,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the business. NewEdge Advisors LLC boosted its position in Grayscale Bitcoin Mini Trust ETF by 287.2% during the first quarter. NewEdge Advisors LLC now owns 9,952 shares of the company’s stock valued at $363,000 after buying an additional 7,382 shares during the period. Farther Finance Advisors LLC lifted its stake in shares of Grayscale Bitcoin Mini Trust ETF by 87.5% in the 2nd quarter. Farther Finance Advisors LLC now owns 22,923 shares of the company’s stock valued at $1,095,000 after acquiring an additional 10,697 shares during the last quarter. Sowell Financial Services LLC lifted its stake in shares of Grayscale Bitcoin Mini Trust ETF by 32.7% in the 2nd quarter. Sowell Financial Services LLC now owns 15,811 shares of the company’s stock valued at $755,000 after acquiring an additional 3,897 shares during the last quarter. McAdam LLC purchased a new stake in Grayscale Bitcoin Mini Trust ETF during the 2nd quarter valued at about $214,000. Finally, Perigon Wealth Management LLC bought a new position in Grayscale Bitcoin Mini Trust ETF during the 2nd quarter worth approximately $201,000. Hedge funds and other institutional investors own 27.38% of the company’s stock.

Grayscale Bitcoin Mini Trust ETF Stock Up 0.6%

Shares of Grayscale Bitcoin Mini Trust ETF stock opened at $39.87 on Thursday. The business’s 50 day simple moving average is $39.94 and its two-hundred day simple moving average is $46.70. Grayscale Bitcoin Mini Trust ETF has a one year low of $33.53 and a one year high of $55.96.

Grayscale Bitcoin Mini Trust ETF Company 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.