Franklin Resources Inc. Cuts Stake in Grayscale Bitcoin Mini Trust (NYSEARCA:BTC)

Franklin Resources Inc. cut its holdings in Grayscale Bitcoin Mini Trust (NYSEARCA:BTC) by 80.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,429 shares of the company’s stock after selling 49,723 shares during the quarter. Franklin Resources Inc. owned approximately 3.82% of Grayscale Bitcoin Mini Trust worth $520,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BTC. Golden State Wealth Management LLC purchased a new stake in shares of Grayscale Bitcoin Mini Trust during the fourth quarter valued at about $27,000. Modus Advisors LLC bought a new position in shares of Grayscale Bitcoin Mini Trust during the 4th quarter worth approximately $29,000. Mainstream Capital Management LLC purchased a new stake in Grayscale Bitcoin Mini Trust during the fourth quarter valued at approximately $32,000. Harbor Investment Advisory LLC acquired a new stake in Grayscale Bitcoin Mini Trust in the fourth quarter valued at approximately $40,000. Finally, Hollencrest Capital Management grew its holdings in Grayscale Bitcoin Mini Trust by 32.5% in the fourth quarter. Hollencrest Capital Management now owns 1,120 shares of the company’s stock worth $47,000 after purchasing an additional 275 shares during the last quarter.

Grayscale Bitcoin Mini Trust Trading Up 0.7 %

Shares of BTC opened at $37.65 on Friday. Grayscale Bitcoin Mini Trust has a 12 month low of $22.00 and a 12 month high of $48.07. The stock has a fifty day moving average price of $38.30 and a 200-day moving average price of $38.89.

Grayscale Bitcoin Mini Trust 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.