Riversedge Advisors LLC grew its position in Grayscale Bitcoin Mini Trust ETF (NYSEARCA:BTC – Free Report) by 154.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 226,288 shares of the company’s stock after buying an additional 137,354 shares during the quarter. Grayscale Bitcoin Mini Trust ETF accounts for approximately 1.9% of Riversedge Advisors LLC’s holdings, making the stock its 16th biggest holding. Riversedge Advisors LLC’s holdings in Grayscale Bitcoin Mini Trust ETF were worth $11,457,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Almanack Investment Partners LLC. raised its position in Grayscale Bitcoin Mini Trust ETF by 1.5% during the second quarter. Almanack Investment Partners LLC. now owns 14,906 shares of the company’s stock worth $712,000 after acquiring an additional 220 shares during the last quarter. Orion Porfolio Solutions LLC raised its position in shares of Grayscale Bitcoin Mini Trust ETF by 2.5% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 10,639 shares of the company’s stock worth $508,000 after purchasing an additional 255 shares during the last quarter. CW Advisors LLC lifted its stake in Grayscale Bitcoin Mini Trust ETF by 4.1% in the 2nd quarter. CW Advisors LLC now owns 7,315 shares of the company’s stock valued at $349,000 after buying an additional 286 shares in the last quarter. Redhawk Wealth Advisors Inc. grew its holdings in Grayscale Bitcoin Mini Trust ETF by 0.5% during the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 100,141 shares of the company’s stock valued at $4,782,000 after buying an additional 503 shares during the last quarter. Finally, ORG Partners LLC grew its holdings in Grayscale Bitcoin Mini Trust ETF by 1,402.6% during the 2nd quarter. ORG Partners LLC now owns 571 shares of the company’s stock valued at $27,000 after buying an additional 533 shares during the last quarter. 27.38% of the stock is currently owned by hedge funds and other institutional investors.
Grayscale Bitcoin Mini Trust ETF Price Performance
Grayscale Bitcoin Mini Trust ETF stock opened at $37.45 on Friday. Grayscale Bitcoin Mini Trust ETF has a fifty-two week low of $33.53 and a fifty-two week high of $55.96. The stock has a fifty day moving average of $43.76 and a two-hundred day moving average of $47.87.
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.
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