Grayscale Bitcoin Mini Trust ETF $BTC Shares Sold by Paragon Advisors LLC

Paragon Advisors LLC lessened its stake in shares of Grayscale Bitcoin Mini Trust ETF (NYSEARCA:BTC) by 2.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,273,108 shares of the company’s stock after selling 33,234 shares during the period. Grayscale Bitcoin Mini Trust ETF comprises approximately 8.7% of Paragon Advisors LLC’s investment portfolio, making the stock its 2nd biggest holding. Paragon Advisors LLC owned approximately 1.06% of Grayscale Bitcoin Mini Trust ETF worth $47,041,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. NewEdge Wealth LLC grew its stake in Grayscale Bitcoin Mini Trust ETF by 3,052.8% in the first quarter. NewEdge Wealth LLC now owns 383,564 shares of the company’s stock worth $11,503,000 after purchasing an additional 371,398 shares in the last quarter. Pacific Excel Wealth Advisors Inc. purchased a new position in Grayscale Bitcoin Mini Trust ETF during the 2nd quarter worth $5,332,000. Ascension Capital Advisors Inc. bought a new stake in Grayscale Bitcoin Mini Trust ETF during the 1st quarter valued at $4,113,000. Tidal Investments LLC raised its position in Grayscale Bitcoin Mini Trust ETF by 10.4% during the 2nd quarter. Tidal Investments LLC now owns 1,093,783 shares of the company’s stock valued at $28,384,000 after purchasing an additional 102,673 shares in the last quarter. Finally, Centurion Wealth Management LLC raised its position in Grayscale Bitcoin Mini Trust ETF by 1,056.5% during the 2nd quarter. Centurion Wealth Management LLC now owns 92,440 shares of the company’s stock valued at $2,399,000 after purchasing an additional 84,447 shares in the last quarter. Institutional investors own 27.38% of the company’s stock.

Grayscale Bitcoin Mini Trust ETF Stock Performance

Shares of BTC stock opened at $33.50 on Monday. Grayscale Bitcoin Mini Trust ETF has a twelve month low of $25.65 and a twelve month high of $47.07. The stock has a fifty day simple moving average of $35.76 and a two-hundred day simple moving average of $32.26.

Key Grayscale Bitcoin Mini Trust ETF News

Here are the key news stories impacting Grayscale Bitcoin Mini Trust ETF this week:

• Positive Sentiment: A Labor Department rule that could allow Bitcoin in 401(k) menus is in final White House review. If adopted and offered by employers, it may eventually broaden access to retirement-plan capital, although the timing and reach remain unclear. Article: The 401(k) Crypto Rule Is in Its Final White House Review
• Neutral Sentiment: Bitcoin’s tax-loss harvesting rules may let investors sell at a loss and buy back sooner than they could with stocks. However, pending legislation and other tax considerations could change the strategy; the article does not point to a clear near-term catalyst for BTC. Article: Crypto Has No Wash-Sale Rule
• Negative Sentiment: Bitcoin ETFs reportedly saw $1.3 billion in outflows over a week, signaling weaker demand for the products and potentially adding pressure to Bitcoin-linked funds such as BTC. The article notes that one fund accounted for nearly all the selling but does not identify it in the summary. Article: Bitcoin ETFs Shed $1.3 Billion in a Week
• Negative Sentiment: Bitcoin was heading toward a fifth consecutive losing week, while large Hyperliquid traders had turned net short. Those signals add to near-term bearish sentiment, though the article notes that traders’ past calls have had mixed results. Article: Bitcoin Is Heading for a Fifth Straight Losing Week

Grayscale Bitcoin Mini Trust ETF Profile

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.