Chase Investment Counsel Corp Purchases Shares of 33,000 Grayscale Bitcoin Mini Trust ETF $BTC

Chase Investment Counsel Corp purchased a new position in shares of Grayscale Bitcoin Mini Trust ETF (NYSEARCA:BTC) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 33,000 shares of the company’s stock, valued at approximately $856,000.

Other hedge funds have also recently added to or reduced their stakes in the company. NewEdge Advisors LLC grew its position in 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 acquiring an additional 7,382 shares during the last quarter. Cetera Investment Advisers increased its holdings in Grayscale Bitcoin Mini Trust ETF by 130.8% during the 2nd quarter. Cetera Investment Advisers now owns 14,338 shares of the company’s stock valued at $685,000 after purchasing an additional 8,127 shares during the period. Raymond James Financial Inc. increased its stake in shares of Grayscale Bitcoin Mini Trust ETF by 33.8% during the second quarter. Raymond James Financial Inc. now owns 16,184 shares of the company’s stock valued at $773,000 after buying an additional 4,088 shares during the period. White Knight Strategic Wealth Advisors LLC purchased a new position in Grayscale Bitcoin Mini Trust ETF during the 2nd quarter valued at $224,000. Finally, Benjamin Edwards Inc. purchased a new position in shares of Grayscale Bitcoin Mini Trust ETF during the second quarter valued at about $468,000. Institutional investors own 27.38% of the company’s stock.

Grayscale Bitcoin Mini Trust ETF Stock Performance

Shares of BTC opened at $27.81 on Monday. Grayscale Bitcoin Mini Trust ETF has a one year low of $25.65 and a one year high of $55.96. The company has a 50-day simple moving average of $28.01 and a two-hundred day simple moving average of $30.72.

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.