Northwestern Mutual Wealth Management Co. Boosts Stake in Grayscale Bitcoin Mini Trust ETF $BTC

Northwestern Mutual Wealth Management Co. lifted its holdings in Grayscale Bitcoin Mini Trust ETF (NYSEARCA:BTC) by 7,893.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 29,177 shares of the company’s stock after purchasing an additional 28,812 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Grayscale Bitcoin Mini Trust ETF were worth $1,130,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Strategic Advocates LLC purchased a new stake in shares of Grayscale Bitcoin Mini Trust ETF in the third quarter valued at approximately $28,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of Grayscale Bitcoin Mini Trust ETF in the third quarter valued at approximately $34,000. Flagship Harbor Advisors LLC purchased a new stake in shares of Grayscale Bitcoin Mini Trust ETF in the fourth quarter valued at approximately $27,000. Silicon Valley Capital Partners boosted its stake in shares of Grayscale Bitcoin Mini Trust ETF by 215.3% in the third quarter. Silicon Valley Capital Partners now owns 1,009 shares of the company’s stock valued at $51,000 after buying an additional 689 shares in the last quarter. Finally, Ares Financial Consulting LLC purchased a new stake in shares of Grayscale Bitcoin Mini Trust ETF in the fourth quarter valued at approximately $40,000. 27.38% of the stock is currently owned by hedge funds and other institutional investors.

Grayscale Bitcoin Mini Trust ETF Stock Performance

BTC opened at $26.69 on Monday. The business’s fifty day moving average is $32.78 and its two-hundred day moving average is $34.87. Grayscale Bitcoin Mini Trust ETF has a one year low of $26.14 and a one 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.