Assetmark Inc. Reduces Holdings in Grayscale Bitcoin Mini Trust ETF $BTC

Assetmark Inc. lowered its stake in shares of Grayscale Bitcoin Mini Trust ETF (NYSEARCA:BTC) by 17.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 155,864 shares of the company’s stock after selling 32,646 shares during the quarter. Assetmark Inc. owned about 0.13% of Grayscale Bitcoin Mini Trust ETF worth $4,674,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. NewEdge Advisors LLC increased its position in shares of Grayscale Bitcoin Mini Trust ETF by 287.2% in the 1st quarter. NewEdge Advisors LLC now owns 9,952 shares of the company’s stock valued at $363,000 after acquiring an additional 7,382 shares during the period. Cetera Investment Advisers raised its stake in Grayscale Bitcoin Mini Trust ETF by 130.8% in the 2nd quarter. Cetera Investment Advisers now owns 14,338 shares of the company’s stock worth $685,000 after acquiring an additional 8,127 shares during the last quarter. Raymond James Financial Inc. raised its stake in Grayscale Bitcoin Mini Trust ETF by 33.8% in the 2nd quarter. Raymond James Financial Inc. now owns 16,184 shares of the company’s stock worth $773,000 after acquiring an additional 4,088 shares during the last quarter. White Knight Strategic Wealth Advisors LLC acquired a new stake in Grayscale Bitcoin Mini Trust ETF during the 2nd quarter worth about $224,000. Finally, Benjamin Edwards Inc. purchased a new stake in Grayscale Bitcoin Mini Trust ETF during the 2nd quarter valued at about $468,000. Institutional investors and hedge funds own 27.38% of the company’s stock.

Grayscale Bitcoin Mini Trust ETF Trading Down 0.8%

Grayscale Bitcoin Mini Trust ETF stock opened at $29.14 on Thursday. The business’s 50-day simple moving average is $29.41 and its two-hundred day simple moving average is $32.21. Grayscale Bitcoin Mini Trust ETF has a fifty-two week low of $25.65 and a fifty-two week high of $55.96.

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.