EQ Wealth Advisors LLC Grows Holdings in Grayscale Bitcoin Mini Trust ETF $BTC

EQ Wealth Advisors LLC increased its position in shares of Grayscale Bitcoin Mini Trust ETF (NYSEARCA:BTC) by 40.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 31,337 shares of the company’s stock after purchasing an additional 8,986 shares during the quarter. Grayscale Bitcoin Mini Trust ETF makes up about 1.0% of EQ Wealth Advisors LLC’s holdings, making the stock its 24th biggest position. EQ Wealth Advisors LLC’s holdings in Grayscale Bitcoin Mini Trust ETF were worth $1,496,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Aries Wealth Management boosted its holdings in Grayscale Bitcoin Mini Trust ETF by 8.9% during the second quarter. Aries Wealth Management now owns 34,668 shares of the company’s stock worth $1,655,000 after purchasing an additional 2,819 shares during the last quarter. RFG Advisory LLC bought a new stake in Grayscale Bitcoin Mini Trust ETF in the second quarter worth about $203,000. Axxcess Wealth Management LLC raised its position in Grayscale Bitcoin Mini Trust ETF by 113.6% in the second quarter. Axxcess Wealth Management LLC now owns 45,289 shares of the company’s stock worth $2,163,000 after acquiring an additional 24,087 shares during the period. Acorn Financial Advisory Services Inc. ADV raised its position in Grayscale Bitcoin Mini Trust ETF by 5.6% in the second quarter. Acorn Financial Advisory Services Inc. ADV now owns 15,885 shares of the company’s stock worth $759,000 after acquiring an additional 837 shares during the period. Finally, Concord Wealth Partners raised its position in Grayscale Bitcoin Mini Trust ETF by 18.0% in the second quarter. Concord Wealth Partners now owns 3,740 shares of the company’s stock worth $179,000 after acquiring an additional 570 shares during the period. 27.38% of the stock is currently owned by hedge funds and other institutional investors.

Grayscale Bitcoin Mini Trust ETF Stock Down 2.8%

Shares of BTC stock opened at $49.88 on Wednesday. Grayscale Bitcoin Mini Trust ETF has a 52 week low of $28.75 and a 52 week high of $55.96. The firm’s 50-day simple moving average is $51.00 and its two-hundred day simple moving average is $47.36.

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.