49,501 Shares in Grayscale Bitcoin Mini Trust ETF $BTC Bought by Gallacher Capital Management LLC

Gallacher Capital Management LLC purchased a new stake in Grayscale Bitcoin Mini Trust ETF (NYSEARCA:BTC) during the 3rd quarter, HoldingsChannel reports. The firm purchased 49,501 shares of the company’s stock, valued at approximately $2,506,000. Grayscale Bitcoin Mini Trust ETF comprises approximately 1.0% of Gallacher Capital Management LLC’s investment portfolio, making the stock its 17th biggest holding.

Other institutional investors have also added to or reduced their stakes in the company. NewEdge Advisors LLC boosted 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 purchasing an additional 7,382 shares in the last quarter. Merit Financial Group LLC boosted its position in Grayscale Bitcoin Mini Trust ETF by 42.2% during the 2nd quarter. Merit Financial Group LLC now owns 73,639 shares of the company’s stock valued at $3,516,000 after acquiring an additional 21,844 shares in the last quarter. Meitav Investment House Ltd. grew its holdings in shares of Grayscale Bitcoin Mini Trust ETF by 66.2% during the 2nd quarter. Meitav Investment House Ltd. now owns 46,328 shares of the company’s stock worth $2,212,000 after acquiring an additional 18,454 shares during the period. Kingswood Wealth Advisors LLC raised its position in shares of Grayscale Bitcoin Mini Trust ETF by 2.5% in the 2nd quarter. Kingswood Wealth Advisors LLC now owns 62,843 shares of the company’s stock worth $3,001,000 after acquiring an additional 1,515 shares in the last quarter. Finally, Traphagen Investment Advisors LLC raised its position in shares of Grayscale Bitcoin Mini Trust ETF by 3.1% in the 2nd quarter. Traphagen Investment Advisors LLC now owns 28,809 shares of the company’s stock worth $1,376,000 after acquiring an additional 853 shares in the last quarter. 27.38% of the stock is currently owned by institutional investors.

Grayscale Bitcoin Mini Trust ETF Stock Performance

NYSEARCA BTC opened at $33.79 on Wednesday. Grayscale Bitcoin Mini Trust ETF has a twelve month low of $32.24 and a twelve month high of $55.96. The stock’s 50 day moving average is $39.53 and its 200 day moving average is $45.82.

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.