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

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

Institutional Trading of Grayscale Bitcoin Mini Trust ETF

Several institutional investors have recently modified their holdings of the business. CIBC Private Wealth Group LLC raised its position in Grayscale Bitcoin Mini Trust ETF by 11.6% during the 4th quarter. CIBC Private Wealth Group LLC now owns 8,021 shares of the company’s stock worth $311,000 after purchasing an additional 831 shares during the last quarter. Wedbush Securities Inc. increased its stake in shares of Grayscale Bitcoin Mini Trust ETF by 70.9% in the fourth quarter. Wedbush Securities Inc. now owns 7,440 shares of the company’s stock valued at $288,000 after buying an additional 3,086 shares during the period. Gilpin Wealth Management LLC bought a new position in shares of Grayscale Bitcoin Mini Trust ETF during the fourth quarter worth about $137,000. Stonebrook Private Inc. acquired a new position in shares of Grayscale Bitcoin Mini Trust ETF in the fourth quarter worth approximately $4,239,000. Finally, Brand Asset Management Group Inc. bought a new stake in Grayscale Bitcoin Mini Trust ETF in the fourth quarter valued at approximately $247,000. Institutional investors own 27.38% of the company’s stock.

Grayscale Bitcoin Mini Trust ETF Stock Down 2.4%

NYSEARCA BTC traded down $0.72 during trading hours on Thursday, reaching $29.16. The company’s stock had a trading volume of 2,781,544 shares, compared to its average volume of 4,518,739. The firm has a fifty day simple moving average of $38.41 and a 200-day simple moving average of $44.96. Grayscale Bitcoin Mini Trust ETF has a 52 week low of $27.55 and a 52 week high of $55.96.

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.