Grayscale Bitcoin Mini Trust (NYSEARCA:BTC) Shares Scheduled to Reverse Split on Wednesday, November 20th

Grayscale Bitcoin Mini Trust (NYSEARCA:BTC) shares are scheduled to reverse split on Wednesday, November 20th. The 1-5 reverse split was announced on Friday, November 8th. The number of shares owned by shareholders will be adjusted after the closing bell on Tuesday, November 19th.

Grayscale Bitcoin Mini Trust Stock Performance

NYSEARCA:BTC opened at $8.12 on Monday. Grayscale Bitcoin Mini Trust has a 52 week low of $4.40 and a 52 week high of $8.30. The stock’s fifty day moving average is $5.98 and its two-hundred day moving average is $44.62.

Hedge Funds Weigh In On Grayscale Bitcoin Mini Trust

A number of institutional investors and hedge funds have recently made changes to their positions in BTC. PYA Waltman Capital LLC purchased a new stake in Grayscale Bitcoin Mini Trust during the third quarter worth approximately $219,000. Jane Street Group LLC acquired a new stake in Grayscale Bitcoin Mini Trust during the third quarter worth approximately $111,916,000. Stansberry Asset Management LLC purchased a new stake in shares of Grayscale Bitcoin Mini Trust during the 3rd quarter worth approximately $137,000. Stevens Capital Management LP purchased a new stake in shares of Grayscale Bitcoin Mini Trust during the 3rd quarter worth approximately $218,000. Finally, Stifel Financial Corp acquired a new position in shares of Grayscale Bitcoin Mini Trust in the 3rd quarter valued at $159,000.