Grayscale Bitcoin Mini Trust ETF (NYSEARCA:BTC) Sees Significant Increase in Short Interest

Grayscale Bitcoin Mini Trust ETF (NYSEARCA:BTC) was the target of a significant growth in short interest in January. As of January 15th, there was short interest totaling 512,485 shares, a growth of 187.1% from the December 31st total of 178,475 shares. Based on an average daily volume of 2,958,852 shares, the short-interest ratio is currently 0.2 days. Approximately 0.8% of the shares of the stock are sold short. Approximately 0.8% of the shares of the stock are sold short. Based on an average daily volume of 2,958,852 shares, the short-interest ratio is currently 0.2 days.

Grayscale Bitcoin Mini Trust ETF Stock Performance

Shares of BTC stock opened at $37.08 on Friday. The business has a 50-day moving average of $39.72 and a 200 day moving average of $46.17. Grayscale Bitcoin Mini Trust ETF has a 1-year low of $33.53 and a 1-year high of $55.96.

Institutional Trading of Grayscale Bitcoin Mini Trust ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Paragon Advisors LLC purchased a new position in Grayscale Bitcoin Mini Trust ETF in the 4th quarter worth about $25,913,000. SteelPeak Wealth LLC purchased a new stake in Grayscale Bitcoin Mini Trust ETF in the 3rd quarter valued at about $30,477,000. Ovata Capital Management Ltd bought a new position in Grayscale Bitcoin Mini Trust ETF in the 2nd quarter worth about $27,107,000. Millennium Management LLC grew its stake in Grayscale Bitcoin Mini Trust ETF by 25.0% in the 3rd quarter. Millennium Management LLC now owns 2,500,165 shares of the company’s stock worth $126,583,000 after acquiring an additional 500,522 shares in the last quarter. Finally, Emory University increased its position in shares of Grayscale Bitcoin Mini Trust ETF by 91.0% during the third quarter. Emory University now owns 1,023,417 shares of the company’s stock worth $51,816,000 after acquiring an additional 487,636 shares during the period. 27.38% of the stock is owned by hedge funds and other institutional investors.

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. BTC was launched on Jul 31, 2024 and is issued by Grayscale.