Pacific Excel Wealth Advisors Inc. Purchases New Position in Grayscale Bitcoin Mini Trust ETF $BTC

Pacific Excel Wealth Advisors Inc. acquired a new position in shares of Grayscale Bitcoin Mini Trust ETF (NYSEARCA:BTC) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 205,477 shares of the company’s stock, valued at approximately $5,332,000. Grayscale Bitcoin Mini Trust ETF comprises about 2.1% of Pacific Excel Wealth Advisors Inc.’s portfolio, making the stock its 13th biggest holding.

Several other hedge funds and other institutional investors have also bought and sold shares of BTC. Millennium Management LLC grew its holdings in Grayscale Bitcoin Mini Trust ETF by 26.7% during the fourth quarter. Millennium Management LLC now owns 3,167,718 shares of the company’s stock valued at $122,686,000 after purchasing an additional 667,553 shares during the period. Wells Fargo & Company MN raised its holdings in Grayscale Bitcoin Mini Trust ETF by 157.6% in 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 during the period. Steward Partners Investment Advisory LLC raised its holdings in Grayscale Bitcoin Mini Trust ETF by 20.4% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,297,393 shares of the company’s stock worth $50,248,000 after purchasing an additional 220,174 shares during the period. Sloy Dahl & Holst LLC raised its holdings in Grayscale Bitcoin Mini Trust ETF by 19.7% in the fourth quarter. Sloy Dahl & Holst LLC now owns 807,296 shares of the company’s stock worth $31,267,000 after purchasing an additional 132,586 shares during the period. Finally, NewEdge Wealth LLC boosted its position in shares of Grayscale Bitcoin Mini Trust ETF by 3,052.8% during the first quarter. NewEdge Wealth LLC now owns 383,564 shares of the company’s stock worth $11,503,000 after purchasing an additional 371,398 shares in the last quarter. Institutional investors own 27.38% of the company’s stock.

Grayscale Bitcoin Mini Trust ETF Price Performance

NYSEARCA:BTC opened at $28.40 on Wednesday. Grayscale Bitcoin Mini Trust ETF has a 1 year low of $25.65 and a 1 year high of $55.96. The stock has a 50-day moving average price of $28.35 and a two-hundred day moving average price of $31.41.

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.