Grayscale Bitcoin Mini Trust ETF (NYSEARCA:BTC) Shares Gap Up – What’s Next?

Grayscale Bitcoin Mini Trust ETF (NYSEARCA:BTC)’s share price gapped up before the market opened on Monday . The stock had previously closed at $29.65, but opened at $30.74. Grayscale Bitcoin Mini Trust ETF shares last traded at $30.64, with a volume of 548,762 shares.

Grayscale Bitcoin Mini Trust ETF Trading Down 1.1%

The company’s 50-day simple moving average is $31.06 and its 200 day simple moving average is $39.34.

Institutional Trading of Grayscale Bitcoin Mini Trust ETF

Several hedge funds have recently modified their holdings of the company. Orion Porfolio Solutions LLC lifted its position in shares of Grayscale Bitcoin Mini Trust ETF by 2.5% during the second 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. Ellsworth Advisors LLC lifted its position in shares of Grayscale Bitcoin Mini Trust ETF by 3.2% during the third quarter. Ellsworth Advisors LLC now owns 9,084 shares of the company’s stock valued at $448,000 after buying an additional 278 shares during the last quarter. CW Advisors LLC lifted its position in shares of Grayscale Bitcoin Mini Trust ETF by 4.1% during the second quarter. CW Advisors LLC now owns 7,315 shares of the company’s stock valued at $349,000 after buying an additional 286 shares during the last quarter. Parallel Advisors LLC lifted its position in shares of 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 valued at $452,000 after buying an additional 308 shares during the last quarter. Finally, ORG Partners LLC lifted its position in shares of Grayscale Bitcoin Mini Trust ETF by 55.7% during the third quarter. ORG Partners LLC now owns 889 shares of the company’s stock valued at $45,000 after buying an additional 318 shares during the last quarter. 27.38% of the stock is owned by hedge funds and other institutional investors.

Grayscale Bitcoin Mini Trust ETF 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. BTC was launched on Jul 31, 2024 and is issued by Grayscale.