Riversedge Advisors LLC Trims Stake in Grayscale Bitcoin Mini Trust ETF $BTC

Riversedge Advisors LLC lessened its stake in shares of Grayscale Bitcoin Mini Trust ETF (NYSEARCA:BTC) by 13.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 196,580 shares of the company’s stock after selling 29,708 shares during the quarter. Grayscale Bitcoin Mini Trust ETF comprises about 1.2% of Riversedge Advisors LLC’s investment portfolio, making the stock its 18th biggest position. Riversedge Advisors LLC’s holdings in Grayscale Bitcoin Mini Trust ETF were worth $7,614,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the stock. GK Wealth Management LLC lifted its position in shares of Grayscale Bitcoin Mini Trust ETF by 10.3% in the fourth quarter. GK Wealth Management LLC now owns 10,256 shares of the company’s stock valued at $397,000 after acquiring an additional 954 shares in the last quarter. JPMorgan Chase & Co. increased its position in Grayscale Bitcoin Mini Trust ETF by 4.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 78,581 shares of the company’s stock worth $3,979,000 after purchasing an additional 3,632 shares in the last quarter. Allworth Financial LP increased its position in Grayscale Bitcoin Mini Trust ETF by 778.0% during the 3rd quarter. Allworth Financial LP now owns 6,093 shares of the company’s stock worth $308,000 after purchasing an additional 5,399 shares in the last quarter. IFP Advisors Inc raised its stake in Grayscale Bitcoin Mini Trust ETF by 31.2% in the 3rd quarter. IFP Advisors Inc now owns 4,130 shares of the company’s stock valued at $209,000 after purchasing an additional 981 shares during the last quarter. Finally, Strategic Advocates LLC acquired a new position in Grayscale Bitcoin Mini Trust ETF in the 3rd quarter valued at about $28,000. Hedge funds and other institutional investors own 27.38% of the company’s stock.

Grayscale Bitcoin Mini Trust ETF Stock Performance

NYSEARCA:BTC opened at $31.05 on Friday. Grayscale Bitcoin Mini Trust ETF has a 12-month low of $27.55 and a 12-month high of $55.96. The company’s 50-day moving average is $33.58 and its two-hundred day moving average is $41.17.

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.