NewEdge Wealth LLC grew its holdings in Grayscale Bitcoin Mini Trust ETF (NYSEARCA:BTC – Free Report) by 3,052.8% during the 1st quarter, HoldingsChannel reports. The firm owned 383,564 shares of the company’s stock after purchasing an additional 371,398 shares during the quarter. NewEdge Wealth LLC’s holdings in Grayscale Bitcoin Mini Trust ETF were worth $11,503,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Measured Wealth Private Client Group LLC bought a new stake in shares of Grayscale Bitcoin Mini Trust ETF during the 3rd quarter worth $34,000. Flagship Harbor Advisors LLC bought a new position in Grayscale Bitcoin Mini Trust ETF in the fourth quarter valued at about $27,000. Abound Financial LLC bought a new position in Grayscale Bitcoin Mini Trust ETF in the fourth quarter valued at about $34,000. Quattro Advisors LLC acquired a new position in Grayscale Bitcoin Mini Trust ETF during the fourth quarter worth about $35,000. Finally, Cornerstone Planning Group LLC raised its stake in Grayscale Bitcoin Mini Trust ETF by 498.7% during the first quarter. Cornerstone Planning Group LLC now owns 958 shares of the company’s stock worth $29,000 after acquiring an additional 798 shares in the last quarter. Institutional investors and hedge funds own 27.38% of the company’s stock.
Grayscale Bitcoin Mini Trust ETF Price Performance
BTC stock opened at $29.14 on Thursday. Grayscale Bitcoin Mini Trust ETF has a 12 month low of $25.65 and a 12 month high of $55.96. The firm has a 50-day moving average price of $29.41 and a 200-day moving average price of $32.21.
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.
See Also
- Five stocks we like better than Grayscale Bitcoin Mini Trust ETF
- Could Truth API Become Trump Media’s First Meaningful Revenue Driver?
- Small Caps Are Crushing the S&P 500—3 Stocks Still Worth Buying
- Moog Is More Than a Missile Maker, and Wall Street Is Noticing
- A Boring Dividend Growth Strategy Becomes a Solid Defensive Play
Want to see what other hedge funds are holding BTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Grayscale Bitcoin Mini Trust ETF (NYSEARCA:BTC – Free Report).
Receive News & Ratings for Grayscale Bitcoin Mini Trust ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grayscale Bitcoin Mini Trust ETF and related companies with MarketBeat.com's FREE daily email newsletter.
