Renaissance Technologies LLC Reduces Position in Grayscale Bitcoin Mini Trust ETF $BTC

Renaissance Technologies LLC decreased its stake in shares of Grayscale Bitcoin Mini Trust ETF (NYSEARCA:BTC) by 69.6% during the first quarter, HoldingsChannel reports. The firm owned 41,160 shares of the company’s stock after selling 94,400 shares during the quarter. Renaissance Technologies LLC’s holdings in Grayscale Bitcoin Mini Trust ETF were worth $1,234,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. NewEdge Advisors LLC grew its holdings in shares of Grayscale Bitcoin Mini Trust ETF by 287.2% during the first 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 during the last quarter. Cetera Investment Advisers raised its stake in Grayscale Bitcoin Mini Trust ETF by 130.8% in the 2nd 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 last quarter. Raymond James Financial Inc. raised its stake in Grayscale Bitcoin Mini Trust ETF by 33.8% in the 2nd quarter. Raymond James Financial Inc. now owns 16,184 shares of the company’s stock worth $773,000 after acquiring an additional 4,088 shares during the last quarter. White Knight Strategic Wealth Advisors LLC acquired a new stake in Grayscale Bitcoin Mini Trust ETF during the 2nd quarter worth about $224,000. Finally, Benjamin Edwards Inc. acquired a new stake in Grayscale Bitcoin Mini Trust ETF during the 2nd quarter worth about $468,000. Hedge funds and other institutional investors own 27.38% of the company’s stock.

Grayscale Bitcoin Mini Trust ETF Trading Down 0.1%

Grayscale Bitcoin Mini Trust ETF stock opened at $28.00 on Friday. The business’s 50-day simple moving average is $27.99 and its two-hundred day simple moving average is $30.80. Grayscale Bitcoin Mini Trust ETF has a fifty-two week low of $25.65 and a fifty-two week high of $55.96.

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.