Peak Financial Advisors LLC Invests $2.57 Million in Grayscale Bitcoin Mini Trust ETF $BTC

Peak Financial Advisors LLC purchased a new stake in Grayscale Bitcoin Mini Trust ETF (NYSEARCA:BTC) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 50,671 shares of the company’s stock, valued at approximately $2,565,000. Grayscale Bitcoin Mini Trust ETF comprises approximately 1.2% of Peak Financial Advisors LLC’s portfolio, making the stock its 20th largest holding.

A number of other hedge funds and other institutional investors have also bought and sold shares of BTC. ORG Partners LLC increased its holdings in Grayscale Bitcoin Mini Trust ETF by 1,402.6% in the 2nd quarter. ORG Partners LLC now owns 571 shares of the company’s stock worth $27,000 after purchasing an additional 533 shares in the last quarter. Laurel Wealth Advisors LLC boosted its stake in shares of Grayscale Bitcoin Mini Trust ETF by 4,678.6% during the second quarter. Laurel Wealth Advisors LLC now owns 669 shares of the company’s stock valued at $32,000 after purchasing an additional 655 shares in the last quarter. Banque Transatlantique SA bought a new stake in shares of Grayscale Bitcoin Mini Trust ETF during the first quarter worth about $36,000. Marshall & Sullivan Inc. WA acquired a new position in shares of Grayscale Bitcoin Mini Trust ETF in the second quarter valued at approximately $39,000. Finally, Bessemer Group Inc. acquired a new position in shares of Grayscale Bitcoin Mini Trust ETF in the second quarter valued at approximately $40,000. Institutional investors own 27.38% of the company’s stock.

Grayscale Bitcoin Mini Trust ETF Trading Down 2.0%

NYSEARCA:BTC opened at $37.98 on Thursday. Grayscale Bitcoin Mini Trust ETF has a one year low of $33.53 and a one year high of $55.96. The firm’s 50 day simple moving average is $44.08 and its 200 day simple moving average is $47.95.

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.