IFP Advisors Inc increased its holdings in Grayscale Bitcoin Mini Trust ETF (NYSEARCA:BTC – Free Report) by 34.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,118 shares of the company’s stock after buying an additional 806 shares during the period. IFP Advisors Inc’s holdings in Grayscale Bitcoin Mini Trust ETF were worth $114,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Opal Wealth Advisors LLC acquired a new position in Grayscale Bitcoin Mini Trust ETF during the first quarter valued at approximately $27,000. Redwood Park Advisors LLC acquired a new position in Grayscale Bitcoin Mini Trust ETF during the fourth quarter valued at approximately $39,000. Vermillion & White Wealth Management Group LLC acquired a new position in Grayscale Bitcoin Mini Trust ETF during the fourth quarter valued at approximately $42,000. Graybill Wealth Management LTD. acquired a new position in Grayscale Bitcoin Mini Trust ETF during the first quarter valued at approximately $36,000. Finally, Abound Financial LLC bought a new stake in shares of Grayscale Bitcoin Mini Trust ETF during the first quarter worth $38,000. 27.38% of the stock is currently owned by institutional investors and hedge funds.
Grayscale Bitcoin Mini Trust ETF Trading Down 0.6%
Shares of BTC opened at $52.04 on Wednesday. Grayscale Bitcoin Mini Trust ETF has a 52 week low of $22.00 and a 52 week high of $54.12. The stock has a fifty day moving average of $48.75 and a 200-day moving average of $43.65.
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.
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