Northwestern Mutual Wealth Management Co. Grows Position in Grayscale Bitcoin Mini Trust ETF $BTC

Northwestern Mutual Wealth Management Co. boosted its holdings in Grayscale Bitcoin Mini Trust ETF (NYSEARCA:BTC) by 33.6% in the second quarter, Holdings Channel.com reports. The institutional investor owned 69,462 shares of the company’s stock after acquiring an additional 17,480 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Grayscale Bitcoin Mini Trust ETF were worth $1,803,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Measured Wealth Private Client Group LLC bought a new stake in shares of Grayscale Bitcoin Mini Trust ETF in the third quarter worth approximately $34,000. Abound Financial LLC bought a new position in Grayscale Bitcoin Mini Trust ETF during the fourth quarter valued at approximately $34,000. Quattro Advisors LLC bought a new position in Grayscale Bitcoin Mini Trust ETF during the fourth quarter valued at approximately $35,000. Cornerstone Planning Group LLC boosted its holdings in Grayscale Bitcoin Mini Trust ETF by 498.7% in the first quarter. Cornerstone Planning Group LLC now owns 958 shares of the company’s stock worth $29,000 after purchasing an additional 798 shares during the last quarter. Finally, Silicon Valley Capital Partners boosted its holdings in Grayscale Bitcoin Mini Trust ETF by 215.3% in the third quarter. Silicon Valley Capital Partners now owns 1,009 shares of the company’s stock worth $51,000 after purchasing an additional 689 shares during the last quarter. Institutional investors own 27.38% of the company’s stock.

Grayscale Bitcoin Mini Trust ETF Stock Down 2.4%

NYSEARCA:BTC opened at $35.31 on Friday. The company has a 50 day simple moving average of $29.72 and a two-hundred day simple moving average of $30.77. Grayscale Bitcoin Mini Trust ETF has a 12 month low of $25.65 and a 12 month high of $55.96.

Grayscale Bitcoin Mini Trust ETF Company 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.