Axxcess Wealth Management LLC Sells 27,519 Shares of Grayscale Bitcoin Mini Trust ETF $BTC

Axxcess Wealth Management LLC decreased its holdings in Grayscale Bitcoin Mini Trust ETF (NYSEARCA:BTC) by 41.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,969 shares of the company’s stock after selling 27,519 shares during the period. Axxcess Wealth Management LLC’s holdings in Grayscale Bitcoin Mini Trust ETF were worth $1,169,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. NewEdge Advisors LLC lifted its stake in shares of Grayscale Bitcoin Mini Trust ETF by 287.2% during the 1st quarter. NewEdge Advisors LLC now owns 9,952 shares of the company’s stock valued at $363,000 after buying an additional 7,382 shares in the last quarter. Cetera Investment Advisers boosted its holdings in shares of Grayscale Bitcoin Mini Trust ETF by 130.8% in the second quarter. Cetera Investment Advisers now owns 14,338 shares of the company’s stock worth $685,000 after acquiring an additional 8,127 shares during the period. Raymond James Financial Inc. grew its position in shares of Grayscale Bitcoin Mini Trust ETF by 33.8% in the second quarter. Raymond James Financial Inc. now owns 16,184 shares of the company’s stock valued at $773,000 after purchasing an additional 4,088 shares in the last quarter. White Knight Strategic Wealth Advisors LLC purchased a new position in shares of Grayscale Bitcoin Mini Trust ETF in the second quarter valued at $224,000. Finally, Benjamin Edwards Inc. purchased a new position in shares of Grayscale Bitcoin Mini Trust ETF in the second quarter valued at $468,000. Institutional investors own 27.38% of the company’s stock.

Grayscale Bitcoin Mini Trust ETF Trading Down 2.5%

NYSEARCA:BTC opened at $27.51 on Thursday. The business’s fifty day moving average is $30.73 and its 200 day moving average is $32.93. Grayscale Bitcoin Mini Trust ETF has a 52-week low of $25.65 and a 52-week high of $55.96.

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.