Short Interest in Grayscale Bitcoin Mini Trust ETF (NYSEARCA:BTC) Expands By 187.1%

Grayscale Bitcoin Mini Trust ETF (NYSEARCA:BTC) saw a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 512,485 shares, a growth of 187.1% from the December 31st total of 178,475 shares. Based on an average daily volume of 2,958,852 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.8% of the shares of the company are short sold. Currently, 0.8% of the shares of the company are short sold. Based on an average daily volume of 2,958,852 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Millennium Management LLC grew its stake in shares of Grayscale Bitcoin Mini Trust ETF by 25.0% during the 3rd quarter. Millennium Management LLC now owns 2,500,165 shares of the company’s stock valued at $126,583,000 after purchasing an additional 500,522 shares during the period. Emory University boosted its holdings in shares of Grayscale Bitcoin Mini Trust ETF by 91.0% in the third quarter. Emory University now owns 1,023,417 shares of the company’s stock worth $51,816,000 after buying an additional 487,636 shares during the last quarter. Sloy Dahl & Holst LLC grew its position in Grayscale Bitcoin Mini Trust ETF by 2.9% during the third quarter. Sloy Dahl & Holst LLC now owns 674,710 shares of the company’s stock valued at $34,161,000 after buying an additional 18,771 shares during the period. Paragon Advisors LLC purchased a new stake in Grayscale Bitcoin Mini Trust ETF during the fourth quarter valued at approximately $25,913,000. Finally, SteelPeak Wealth LLC bought a new position in Grayscale Bitcoin Mini Trust ETF in the third quarter worth approximately $30,477,000. Institutional investors own 27.38% of the company’s stock.

Grayscale Bitcoin Mini Trust ETF Trading Down 0.3%

Shares of BTC opened at $39.40 on Thursday. The firm has a fifty day simple moving average of $39.75 and a two-hundred day simple moving average of $46.34. Grayscale Bitcoin Mini Trust ETF has a 1-year low of $33.53 and a 1-year high of $55.96.

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.