44,543 Shares in Grayscale Bitcoin Mini Trust ETF $BTC Acquired by Thryve Wealth Management LLC

Thryve Wealth Management LLC bought a new stake in Grayscale Bitcoin Mini Trust ETF (NYSEARCA:BTC) in the 4th quarter, Holdings Channel.com reports. The fund bought 44,543 shares of the company’s stock, valued at approximately $1,725,000. Grayscale Bitcoin Mini Trust ETF accounts for about 0.9% of Thryve Wealth Management LLC’s investment portfolio, making the stock its 22nd largest position.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BTC. Wells Fargo & Company MN lifted its stake in Grayscale Bitcoin Mini Trust ETF by 157.6% during the fourth quarter. Wells Fargo & Company MN now owns 1,472,684 shares of the company’s stock worth $57,037,000 after purchasing an additional 900,987 shares in the last quarter. Paragon Advisors LLC acquired a new stake in shares of Grayscale Bitcoin Mini Trust ETF in the fourth quarter valued at $25,913,000. Millennium Management LLC raised its holdings in shares of Grayscale Bitcoin Mini Trust ETF by 26.7% in the 4th quarter. Millennium Management LLC now owns 3,167,718 shares of the company’s stock valued at $122,686,000 after buying an additional 667,553 shares during the period. Emory University raised its holdings in shares of Grayscale Bitcoin Mini Trust ETF by 91.0% in the 3rd quarter. Emory University now owns 1,023,417 shares of the company’s stock valued at $51,816,000 after buying an additional 487,636 shares during the period. Finally, Elequin Capital LP lifted its stake in Grayscale Bitcoin Mini Trust ETF by 165.7% during the 3rd quarter. Elequin Capital LP now owns 361,194 shares of the company’s stock worth $18,287,000 after acquiring an additional 225,270 shares in the last quarter. Hedge funds and other institutional investors own 27.38% of the company’s stock.

Grayscale Bitcoin Mini Trust ETF Price Performance

BTC opened at $27.84 on Friday. The stock’s 50-day moving average price is $32.46 and its 200 day moving average price is $34.16. Grayscale Bitcoin Mini Trust ETF has a 12-month low of $26.14 and a 12-month high of $55.96.

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.