Focus Partners Wealth lessened its holdings in shares of Grayscale Bitcoin Mini Trust (NYSEARCA:BTC – Free Report) by 80.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 74,996 shares of the company’s stock after selling 310,717 shares during the quarter. Focus Partners Wealth owned approximately 23.08% of Grayscale Bitcoin Mini Trust worth $3,148,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Golden State Wealth Management LLC bought a new position in shares of Grayscale Bitcoin Mini Trust in the fourth quarter valued at approximately $27,000. Mainstream Capital Management LLC bought a new position in shares of Grayscale Bitcoin Mini Trust in the fourth quarter valued at approximately $32,000. Redwood Park Advisors LLC bought a new position in shares of Grayscale Bitcoin Mini Trust in the fourth quarter valued at approximately $39,000. Harbor Investment Advisory LLC bought a new position in shares of Grayscale Bitcoin Mini Trust in the fourth quarter valued at approximately $40,000. Finally, Hollencrest Capital Management raised its position in shares of Grayscale Bitcoin Mini Trust by 32.5% in the fourth quarter. Hollencrest Capital Management now owns 1,120 shares of the company’s stock valued at $47,000 after purchasing an additional 275 shares during the period.
Grayscale Bitcoin Mini Trust Price Performance
NYSEARCA:BTC opened at $45.70 on Friday. The company’s 50 day moving average is $39.26 and its 200-day moving average is $40.81. Grayscale Bitcoin Mini Trust has a 12 month low of $22.00 and a 12 month high of $48.07.
About Grayscale Bitcoin Mini Trust
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.
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