Simplify Asset Management Inc. Reduces Stock Holdings in Grayscale Bitcoin Mini Trust (NYSEARCA:BTC)

Simplify Asset Management Inc. reduced its stake in shares of Grayscale Bitcoin Mini Trust (NYSEARCA:BTC) by 65.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 99,349 shares of the company’s stock after selling 186,879 shares during the quarter. Grayscale Bitcoin Mini Trust makes up about 0.2% of Simplify Asset Management Inc.’s holdings, making the stock its 29th biggest holding. Simplify Asset Management Inc. owned about 30.57% of Grayscale Bitcoin Mini Trust worth $4,160,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Meridian Wealth Management LLC bought a new position in shares of Grayscale Bitcoin Mini Trust in the 3rd quarter worth approximately $209,000. Nwam LLC purchased a new stake in Grayscale Bitcoin Mini Trust in the third quarter worth $131,000. One Charles Private Wealth Services LLC bought a new position in Grayscale Bitcoin Mini Trust in the third quarter worth $2,660,000. Larson Financial Group LLC purchased a new position in Grayscale Bitcoin Mini Trust during the third quarter valued at $557,000. Finally, Seldon Capital LP bought a new stake in shares of Grayscale Bitcoin Mini Trust during the 3rd quarter valued at $372,000.

Grayscale Bitcoin Mini Trust Stock Down 0.3 %

NYSEARCA:BTC opened at $37.19 on Friday. The firm’s 50-day moving average price is $41.57 and its 200-day moving average price is $37.56. Grayscale Bitcoin Mini Trust has a 1-year low of $22.00 and a 1-year high of $48.07.

Grayscale Bitcoin Mini Trust 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.