WealthPlan Investment Management LLC purchased a new position in shares of Grayscale Bitcoin Mini Trust ETF (NYSEARCA:BTC – Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 27,224 shares of the company’s stock, valued at approximately $1,006,000.
Several other hedge funds have also recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC lifted its holdings in Grayscale Bitcoin Mini Trust ETF by 498.7% in the 1st quarter. Cornerstone Planning Group LLC now owns 958 shares of the company’s stock valued at $29,000 after purchasing an additional 798 shares in the last quarter. Provenance Wealth Advisors LLC purchased a new stake in shares of Grayscale Bitcoin Mini Trust ETF during the first quarter worth $42,000. Western Wealth Management LLC purchased a new stake in shares of Grayscale Bitcoin Mini Trust ETF during the first quarter worth $46,000. Global Assets Advisory LLC purchased a new stake in shares of Grayscale Bitcoin Mini Trust ETF during the first quarter worth $51,000. Finally, ACT Capital Management LLC acquired a new stake in shares of Grayscale Bitcoin Mini Trust ETF in the fourth quarter valued at about $70,000. 27.38% of the stock is owned by institutional investors and hedge funds.
Grayscale Bitcoin Mini Trust ETF Trading Up 0.8%
Shares of NYSEARCA BTC opened at $36.37 on Friday. The firm has a 50-day simple moving average of $34.41 and a 200-day simple moving average of $31.91. Grayscale Bitcoin Mini Trust ETF has a 52 week low of $25.65 and a 52 week high of $51.43.
About Grayscale Bitcoin Mini Trust ETF
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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