Grayscale Bitcoin Mini Trust ETF (NYSEARCA:BTC) Reaches New 52-Week Low – Should You Sell?

Grayscale Bitcoin Mini Trust ETF (NYSEARCA:BTC) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $26.10 and last traded at $26.31, with a volume of 3496203 shares trading hands. The stock had previously closed at $27.56.

Grayscale Bitcoin Mini Trust ETF Stock Performance

The firm has a 50 day moving average of $32.22 and a 200-day moving average of $33.91.

Institutional Investors Weigh In On Grayscale Bitcoin Mini Trust ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Orion Porfolio Solutions LLC raised its position in Grayscale Bitcoin Mini Trust ETF by 2.5% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 10,639 shares of the company’s stock valued at $508,000 after buying an additional 255 shares during the last quarter. Parallel Advisors LLC lifted its position in Grayscale Bitcoin Mini Trust ETF by 3.6% during the third quarter. Parallel Advisors LLC now owns 8,933 shares of the company’s stock worth $452,000 after purchasing an additional 308 shares during the period. Almanack Investment Partners LLC. lifted its position in shares of Grayscale Bitcoin Mini Trust ETF by 1.2% during the 4th quarter. Almanack Investment Partners LLC. now owns 26,700 shares of the company’s stock worth $1,034,000 after buying an additional 323 shares during the last quarter. VanderPol Investments L.L.C. grew its holdings in shares of Grayscale Bitcoin Mini Trust ETF by 4.4% during the fourth quarter. VanderPol Investments L.L.C. now owns 7,763 shares of the company’s stock worth $301,000 after purchasing an additional 325 shares during the last quarter. Finally, Mosaic Family Wealth Partners LLC grew its holdings in Grayscale Bitcoin Mini Trust ETF by 3.2% during the 1st quarter. Mosaic Family Wealth Partners LLC now owns 11,054 shares of the company’s stock worth $332,000 after acquiring an additional 338 shares during the last quarter. Institutional investors own 27.38% of the company’s stock.

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.