Envestnet Asset Management Inc. Has $2.93 Million Stock Holdings in Grayscale Bitcoin Mini Trust ETF $BTC

Envestnet Asset Management Inc. lifted its stake in shares of Grayscale Bitcoin Mini Trust ETF (NYSEARCA:BTC) by 44.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,801 shares of the company’s stock after acquiring an additional 17,667 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.08% of Grayscale Bitcoin Mini Trust ETF worth $2,926,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in BTC. Redhawk Wealth Advisors Inc. increased its holdings in Grayscale Bitcoin Mini Trust ETF by 51.1% in the third quarter. Redhawk Wealth Advisors Inc. now owns 151,358 shares of the company’s stock worth $7,663,000 after purchasing an additional 51,217 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in shares of Grayscale Bitcoin Mini Trust ETF by 16,175.9% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 32,389 shares of the company’s stock worth $1,547,000 after buying an additional 32,190 shares in the last quarter. Peak Financial Advisors LLC acquired a new stake in shares of Grayscale Bitcoin Mini Trust ETF during the 3rd quarter worth approximately $2,565,000. Quadcap Wealth Management LLC grew its position in shares of Grayscale Bitcoin Mini Trust ETF by 39.3% during the 2nd quarter. Quadcap Wealth Management LLC now owns 66,825 shares of the company’s stock worth $3,191,000 after buying an additional 18,845 shares during the period. Finally, SteelPeak Wealth LLC bought a new stake in shares of Grayscale Bitcoin Mini Trust ETF in the 3rd quarter valued at $30,477,000. 27.38% of the stock is currently owned by institutional investors.

Grayscale Bitcoin Mini Trust ETF Price Performance

Shares of NYSEARCA BTC opened at $30.62 on Thursday. Grayscale Bitcoin Mini Trust ETF has a 12-month low of $27.55 and a 12-month high of $55.96. The company’s fifty day simple moving average is $36.37 and its 200 day simple moving average is $43.44.

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