Geneos Wealth Management Inc. Grows Stock Position in Grayscale Bitcoin Mini Trust ETF $BTC

Geneos Wealth Management Inc. boosted its position in Grayscale Bitcoin Mini Trust ETF (NYSEARCA:BTC) by 15.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,246 shares of the company’s stock after purchasing an additional 690 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Grayscale Bitcoin Mini Trust ETF were worth $191,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC raised its stake 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 purchasing an additional 655 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in Grayscale Bitcoin Mini Trust ETF by 27.4% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 83,895 shares of the company’s stock valued at $3,061,000 after purchasing an additional 18,065 shares during the last quarter. Moors & Cabot Inc. raised its stake in Grayscale Bitcoin Mini Trust ETF by 38.5% in the 1st 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 during the last quarter. Sowell Financial Services LLC acquired a new position in Grayscale Bitcoin Mini Trust ETF in the 1st quarter valued at about $435,000. Finally, Sequoia Financial Advisors LLC acquired a new position in Grayscale Bitcoin Mini Trust ETF in the 1st quarter valued at about $411,000. Institutional investors and hedge funds own 27.38% of the company’s stock.

Grayscale Bitcoin Mini Trust ETF Price Performance

Shares of BTC stock opened at $51.77 on Wednesday. The firm has a 50-day moving average price of $51.06 and a 200 day moving average price of $45.43. Grayscale Bitcoin Mini Trust ETF has a twelve month low of $26.10 and a twelve month high of $54.48.

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.