Short Interest in Grayscale Bitcoin Mini Trust ETF (NYSEARCA:BTC) Drops By 43.7%

Grayscale Bitcoin Mini Trust ETF (NYSEARCA:BTC) saw a significant decline in short interest in December. As of December 15th, there was short interest totaling 303,378 shares, a decline of 43.7% from the November 30th total of 538,414 shares. Based on an average daily volume of 2,538,867 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.4% of the shares of the stock are sold short. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily volume of 2,538,867 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in BTC. McIlrath & Eck LLC increased its position in shares of Grayscale Bitcoin Mini Trust ETF by 177.2% during the 3rd quarter. McIlrath & Eck LLC now owns 499 shares of the company’s stock valued at $25,000 after purchasing an additional 319 shares during the last quarter. Strategic Advocates LLC bought a new position in Grayscale Bitcoin Mini Trust ETF during the third quarter valued at approximately $28,000. ORG Partners LLC grew its position in Grayscale Bitcoin Mini Trust ETF by 1,402.6% during the second quarter. ORG Partners LLC now owns 571 shares of the company’s stock valued at $27,000 after acquiring an additional 533 shares during the last quarter. Measured Wealth Private Client Group LLC purchased a new position in shares of Grayscale Bitcoin Mini Trust ETF during the third quarter worth approximately $34,000. Finally, Laurel Wealth Advisors LLC lifted its holdings in shares of Grayscale Bitcoin Mini Trust ETF by 4,678.6% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 669 shares of the company’s stock worth $32,000 after acquiring an additional 655 shares during the last quarter. Institutional investors own 27.38% of the company’s stock.

Grayscale Bitcoin Mini Trust ETF Trading Up 0.3%

Shares of Grayscale Bitcoin Mini Trust ETF stock opened at $38.74 on Friday. Grayscale Bitcoin Mini Trust ETF has a 1 year low of $33.53 and a 1 year high of $55.96. The company has a 50 day simple moving average of $42.47 and a two-hundred day simple moving average of $47.55.

About Grayscale Bitcoin Mini Trust ETF

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.