Pasadena Private Wealth LLC Grows Position in Grayscale Bitcoin Mini Trust ETF $BTC

Pasadena Private Wealth LLC lifted its stake in Grayscale Bitcoin Mini Trust ETF (NYSEARCA:BTC) by 40.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 310,465 shares of the company’s stock after buying an additional 89,354 shares during the quarter. Grayscale Bitcoin Mini Trust ETF makes up about 1.6% of Pasadena Private Wealth LLC’s investment portfolio, making the stock its 14th largest position. Pasadena Private Wealth LLC owned about 0.46% of Grayscale Bitcoin Mini Trust ETF worth $12,024,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of BTC. Paragon Advisors LLC purchased a new position in shares of Grayscale Bitcoin Mini Trust ETF in the fourth quarter worth $25,913,000. Millennium Management LLC lifted its holdings in shares of Grayscale Bitcoin Mini Trust ETF by 25.0% in the third quarter. Millennium Management LLC now owns 2,500,165 shares of the company’s stock worth $126,583,000 after buying an additional 500,522 shares in the last quarter. Emory University lifted its holdings in shares of Grayscale Bitcoin Mini Trust ETF by 91.0% in the third quarter. Emory University now owns 1,023,417 shares of the company’s stock worth $51,816,000 after buying an additional 487,636 shares in the last quarter. Elequin Capital LP lifted its holdings in shares of Grayscale Bitcoin Mini Trust ETF by 165.7% in the third quarter. Elequin Capital LP now owns 361,194 shares of the company’s stock worth $18,287,000 after buying an additional 225,270 shares in the last quarter. Finally, Assetmark Inc. lifted its holdings in shares of Grayscale Bitcoin Mini Trust ETF by 448,733.3% in the fourth quarter. Assetmark Inc. now owns 188,510 shares of the company’s stock worth $7,301,000 after buying an additional 188,468 shares in the last quarter. Hedge funds and other institutional investors own 27.38% of the company’s stock.

Grayscale Bitcoin Mini Trust ETF Price Performance

BTC stock opened at $32.42 on Friday. Grayscale Bitcoin Mini Trust ETF has a one year low of $27.55 and a one year high of $55.96. The company’s fifty day moving average price is $32.97 and its 200-day moving average price is $35.47.

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.