Sequoia Financial Advisors LLC Cuts Stake in Grayscale Bitcoin Mini Trust ETF $BTC

Sequoia Financial Advisors LLC lowered its stake in shares of Grayscale Bitcoin Mini Trust ETF (NYSEARCA:BTC) by 8.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,265 shares of the company’s stock after selling 1,005 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Grayscale Bitcoin Mini Trust ETF were worth $490,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the stock. Millennium Management LLC boosted its position in Grayscale Bitcoin Mini Trust ETF by 133.4% during the first quarter. Millennium Management LLC now owns 1,794,858 shares of the company’s stock valued at $65,494,000 after purchasing an additional 1,025,947 shares in the last quarter. Sloy Dahl & Holst LLC boosted its position in Grayscale Bitcoin Mini Trust ETF by 3.7% during the first quarter. Sloy Dahl & Holst LLC now owns 639,141 shares of the company’s stock valued at $23,322,000 after purchasing an additional 22,966 shares in the last quarter. EagleClaw Capital Managment LLC boosted its position in Grayscale Bitcoin Mini Trust ETF by 2.5% during the first quarter. EagleClaw Capital Managment LLC now owns 209,556 shares of the company’s stock valued at $7,647,000 after purchasing an additional 5,150 shares in the last quarter. Reliant Wealth Planning bought a new stake in Grayscale Bitcoin Mini Trust ETF during the first quarter valued at about $5,543,000. Finally, Moors & Cabot Inc. boosted its position in Grayscale Bitcoin Mini Trust ETF by 38.5% during the first quarter. Moors & Cabot Inc. now owns 138,555 shares of the company’s stock valued at $5,056,000 after purchasing an additional 38,521 shares in the last quarter. Institutional investors own 27.38% of the company’s stock.

Grayscale Bitcoin Mini Trust ETF Stock Up 4.2%

Shares of BTC stock opened at $49.10 on Tuesday. Grayscale Bitcoin Mini Trust ETF has a 1-year low of $28.87 and a 1-year high of $55.96. The stock’s 50-day moving average is $50.72 and its 200 day moving average is $47.74.

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.