Pasadena Private Wealth LLC Acquires 89,354 Shares of Grayscale Bitcoin Mini Trust ETF $BTC

Pasadena Private Wealth LLC increased its holdings in Grayscale Bitcoin Mini Trust ETF (NYSEARCA:BTC) by 40.4% during the 4th quarter, HoldingsChannel reports. The firm owned 310,465 shares of the company’s stock after buying an additional 89,354 shares during the period. Grayscale Bitcoin Mini Trust ETF accounts for approximately 1.6% of Pasadena Private Wealth LLC’s portfolio, making the stock its 14th largest position. Pasadena Private Wealth LLC’s holdings in Grayscale Bitcoin Mini Trust ETF were worth $12,024,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of BTC. NewEdge Advisors LLC increased its position in Grayscale Bitcoin Mini Trust ETF by 287.2% in the first quarter. NewEdge Advisors LLC now owns 9,952 shares of the company’s stock worth $363,000 after purchasing an additional 7,382 shares during the last quarter. Cetera Investment Advisers increased its position in Grayscale Bitcoin Mini Trust ETF by 130.8% during the second quarter. Cetera Investment Advisers now owns 14,338 shares of the company’s stock valued at $685,000 after acquiring an additional 8,127 shares during the last quarter. Raymond James Financial Inc. increased its position in Grayscale Bitcoin Mini Trust ETF by 33.8% during the second quarter. Raymond James Financial Inc. now owns 16,184 shares of the company’s stock valued at $773,000 after acquiring an additional 4,088 shares during the last quarter. White Knight Strategic Wealth Advisors LLC bought a new position in Grayscale Bitcoin Mini Trust ETF during the second quarter valued at $224,000. Finally, Benjamin Edwards Inc. bought a new position in Grayscale Bitcoin Mini Trust ETF during the second quarter valued at $468,000. Institutional investors own 27.38% of the company’s stock.

Grayscale Bitcoin Mini Trust ETF Trading Down 2.1%

BTC stock opened at $32.42 on Friday. Grayscale Bitcoin Mini Trust ETF has a twelve month low of $27.55 and a twelve month high of $55.96. The firm’s fifty day simple moving average is $32.97 and its two-hundred day simple moving average is $35.47.

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.