Grayscale Bitcoin Mini Trust ETF $BTC Shares Sold by Pasadena Private Wealth LLC

Pasadena Private Wealth LLC decreased its position in Grayscale Bitcoin Mini Trust ETF (NYSEARCA:BTC) by 26.5% during the 1st quarter, Holdings Channel reports. The fund owned 228,044 shares of the company’s stock after selling 82,421 shares during the quarter. Grayscale Bitcoin Mini Trust ETF comprises about 0.9% of Pasadena Private Wealth LLC’s holdings, making the stock its 22nd biggest position. Pasadena Private Wealth LLC’s holdings in Grayscale Bitcoin Mini Trust ETF were worth $6,839,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in BTC. Wells Fargo & Company MN raised its holdings in Grayscale Bitcoin Mini Trust ETF by 157.6% during the fourth quarter. Wells Fargo & Company MN now owns 1,472,684 shares of the company’s stock worth $57,037,000 after purchasing an additional 900,987 shares in the last quarter. Paragon Advisors LLC purchased a new stake in Grayscale Bitcoin Mini Trust ETF in the 4th quarter valued at approximately $25,913,000. Millennium Management LLC increased its position in Grayscale Bitcoin Mini Trust ETF by 26.7% during the 4th quarter. Millennium Management LLC now owns 3,167,718 shares of the company’s stock worth $122,686,000 after purchasing an additional 667,553 shares during the period. Emory University raised its stake in shares of Grayscale Bitcoin Mini Trust ETF by 91.0% during the 3rd 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. Finally, Elequin Capital LP raised its stake in shares of Grayscale Bitcoin Mini Trust ETF by 165.7% during the 3rd 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. 27.38% of the stock is currently owned by institutional investors and hedge funds.

Grayscale Bitcoin Mini Trust ETF Price Performance

BTC opened at $26.39 on Monday. The business has a 50 day simple moving average of $31.83 and a 200-day simple moving average of $33.62. Grayscale Bitcoin Mini Trust ETF has a 12 month low of $25.65 and a 12 month high of $55.96.

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.