Grayscale Bitcoin Mini Trust ETF (NYSEARCA:BTC) Stock Position Lowered by Allworth Financial LP

Allworth Financial LP decreased its stake in Grayscale Bitcoin Mini Trust ETF (NYSEARCA:BTC) by 44.3% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 855 shares of the company’s stock after selling 681 shares during the quarter. Allworth Financial LP’s holdings in Grayscale Bitcoin Mini Trust ETF were worth $31,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of BTC. Cambridge Investment Research Advisors Inc. raised its holdings in Grayscale Bitcoin Mini Trust ETF by 27.4% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 83,895 shares of the company’s stock valued at $3,061,000 after buying an additional 18,065 shares in the last quarter. Golden State Wealth Management LLC grew its holdings in Grayscale Bitcoin Mini Trust ETF by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 1,310 shares of the company’s stock valued at $48,000 after buying an additional 655 shares during the last quarter. Sowell Financial Services LLC bought a new position in Grayscale Bitcoin Mini Trust ETF in the 1st quarter worth approximately $435,000. Sequoia Financial Advisors LLC acquired a new position in shares of Grayscale Bitcoin Mini Trust ETF during the first quarter worth approximately $411,000. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Grayscale Bitcoin Mini Trust ETF by 40.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 70,025 shares of the company’s stock worth $2,555,000 after buying an additional 20,116 shares during the last quarter. 27.38% of the stock is owned by institutional investors and hedge funds.

Grayscale Bitcoin Mini Trust ETF Price Performance

BTC opened at $52.00 on Friday. The business has a 50 day moving average of $47.89 and a 200-day moving average of $43.19. Grayscale Bitcoin Mini Trust ETF has a 1-year low of $22.00 and a 1-year high of $54.12.

Grayscale Bitcoin Mini Trust ETF 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.