Short Interest in Grayscale Bitcoin Mini Trust ETF (NYSEARCA:BTC) Grows By 159.8%

Grayscale Bitcoin Mini Trust ETF (NYSEARCA:BTC) was the recipient of a large increase in short interest in January. As of January 30th, there was short interest totaling 1,331,250 shares, an increase of 159.8% from the January 15th total of 512,485 shares. Based on an average trading volume of 3,671,593 shares, the days-to-cover ratio is presently 0.4 days. Approximately 2.0% of the company’s stock are short sold. Approximately 2.0% of the company’s stock are short sold. Based on an average trading volume of 3,671,593 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Arete Wealth Advisors LLC raised its stake in shares of Grayscale Bitcoin Mini Trust ETF by 62.2% during the 4th quarter. Arete Wealth Advisors LLC now owns 12,205 shares of the company’s stock worth $473,000 after purchasing an additional 4,682 shares during the period. Kestra Advisory Services LLC increased its holdings in Grayscale Bitcoin Mini Trust ETF by 2.5% during the fourth quarter. Kestra Advisory Services LLC now owns 109,553 shares of the company’s stock worth $4,243,000 after buying an additional 2,622 shares during the last quarter. Quattro Advisors LLC bought a new stake in Grayscale Bitcoin Mini Trust ETF in the fourth quarter worth about $35,000. Smartleaf Asset Management LLC boosted its stake in Grayscale Bitcoin Mini Trust ETF by 438.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,674 shares of the company’s stock valued at $104,000 after acquiring an additional 2,177 shares during the last quarter. Finally, Greenline Wealth Management LLC purchased a new position in Grayscale Bitcoin Mini Trust ETF in the fourth quarter valued at about $48,000. Institutional investors own 27.38% of the company’s stock.

Grayscale Bitcoin Mini Trust ETF Price Performance

Shares of Grayscale Bitcoin Mini Trust ETF stock traded up $1.52 during mid-day trading on Friday, hitting $30.43. 3,675,090 shares of the stock were exchanged, compared to its average volume of 4,568,779. Grayscale Bitcoin Mini Trust ETF has a 12 month low of $27.55 and a 12 month high of $55.96. The company has a 50-day simple moving average of $37.98 and a 200 day simple moving average of $44.69.

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.