Grayscale Bitcoin Mini Trust ETF (NYSEARCA:BTC) Shares Up 4.9% – Time to Buy?

Grayscale Bitcoin Mini Trust ETF (NYSEARCA:BTC) shares were up 4.9% during mid-day trading on Friday . The company traded as high as $35.58 and last traded at $35.4850. 400,807 shares changed hands during trading, a decline of 86% from the average session volume of 2,921,565 shares. The stock had previously closed at $33.82.

Grayscale Bitcoin Mini Trust ETF Price Performance

The stock’s 50 day simple moving average is $30.99 and its 200 day simple moving average is $31.08.

Institutional Investors Weigh In On Grayscale Bitcoin Mini Trust ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Tidal Investments LLC raised its holdings in shares of Grayscale Bitcoin Mini Trust ETF by 10.4% in the second quarter. Tidal Investments LLC now owns 1,093,783 shares of the company’s stock valued at $28,384,000 after acquiring an additional 102,673 shares in the last quarter. HighTower Advisors LLC increased its position in Grayscale Bitcoin Mini Trust ETF by 9.3% during the 4th quarter. HighTower Advisors LLC now owns 347,474 shares of the company’s stock valued at $13,458,000 after purchasing an additional 29,666 shares during the period. Pasadena Private Wealth LLC lifted its position in shares of Grayscale Bitcoin Mini Trust ETF by 40.4% in the 4th quarter. Pasadena Private Wealth LLC now owns 310,465 shares of the company’s stock worth $12,024,000 after purchasing an additional 89,354 shares during the period. EagleClaw Capital Managment LLC boosted its stake in shares of Grayscale Bitcoin Mini Trust ETF by 1.4% during the fourth quarter. EagleClaw Capital Managment LLC now owns 301,190 shares of the company’s stock valued at $11,665,000 after purchasing an additional 4,080 shares in the last quarter. Finally, NewEdge Wealth LLC increased its holdings in Grayscale Bitcoin Mini Trust ETF by 3,052.8% during the first quarter. NewEdge Wealth LLC now owns 383,564 shares of the company’s stock valued at $11,503,000 after buying an additional 371,398 shares during the period. 27.38% of the stock is owned by institutional investors.

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.