Kaleidoscope Capital LP Purchases 37,346 Shares of Grayscale Bitcoin Mini Trust ETF $BTC

Kaleidoscope Capital LP grew its stake in Grayscale Bitcoin Mini Trust ETF (NYSEARCA:BTC) by 7.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 543,346 shares of the company’s stock after purchasing an additional 37,346 shares during the period. Grayscale Bitcoin Mini Trust ETF comprises approximately 7.9% of Kaleidoscope Capital LP’s investment portfolio, making the stock its 8th largest position. Kaleidoscope Capital LP owned 0.80% of Grayscale Bitcoin Mini Trust ETF worth $27,510,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in BTC. NewEdge Advisors LLC grew its stake in shares of Grayscale Bitcoin Mini Trust ETF by 287.2% during the first quarter. NewEdge Advisors LLC now owns 9,952 shares of the company’s stock worth $363,000 after buying an additional 7,382 shares during the last quarter. Envestnet Asset Management Inc. grew its position in Grayscale Bitcoin Mini Trust ETF by 27.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 40,134 shares of the company’s stock worth $1,916,000 after acquiring an additional 8,589 shares during the last quarter. Bessemer Group Inc. bought a new stake in Grayscale Bitcoin Mini Trust ETF during the 2nd quarter worth $40,000. Hills Bank & Trust Co acquired a new position in Grayscale Bitcoin Mini Trust ETF in the 2nd quarter worth about $144,000. Finally, Ciovacco Capital Management LLC bought a new position in Grayscale Bitcoin Mini Trust ETF in the second quarter valued at about $370,000. Institutional investors own 27.38% of the company’s stock.

Grayscale Bitcoin Mini Trust ETF Stock Down 2.7%

Grayscale Bitcoin Mini Trust ETF stock opened at $29.02 on Monday. The business has a 50 day moving average of $36.02 and a 200-day moving average of $43.03. Grayscale Bitcoin Mini Trust ETF has a 1 year low of $27.55 and a 1 year high of $55.96.

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.