Werba Rubin Papier Wealth Management grew its position in Grayscale Bitcoin Mini Trust ETF (NYSEARCA:BTC – Free Report) by 43.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 64,760 shares of the company’s stock after buying an additional 19,609 shares during the quarter. Werba Rubin Papier Wealth Management’s holdings in Grayscale Bitcoin Mini Trust ETF were worth $2,393,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Grayscale Bitcoin Mini Trust ETF by 33.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 69,462 shares of the company’s stock valued at $1,803,000 after acquiring an additional 17,480 shares during the period. Bank of New York Mellon Corp purchased a new stake in shares of Grayscale Bitcoin Mini Trust ETF in the 2nd quarter valued at approximately $596,000. Tidal Investments LLC lifted its position in shares of Grayscale Bitcoin Mini Trust ETF by 10.4% in the 2nd quarter. Tidal Investments LLC now owns 1,093,783 shares of the company’s stock valued at $28,384,000 after acquiring an additional 102,673 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in Grayscale Bitcoin Mini Trust ETF by 34.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 273,410 shares of the company’s stock worth $7,095,000 after purchasing an additional 69,840 shares during the period. Finally, Chase Investment Counsel Corp acquired a new position in Grayscale Bitcoin Mini Trust ETF in the 2nd quarter worth approximately $856,000. 27.38% of the stock is currently owned by institutional investors and hedge funds.
Grayscale Bitcoin Mini Trust ETF Stock Down 4.4%
Grayscale Bitcoin Mini Trust ETF stock opened at $31.52 on Friday. Grayscale Bitcoin Mini Trust ETF has a 52 week low of $25.65 and a 52 week high of $45.79. The company has a 50 day moving average price of $35.61 and a 200 day moving average price of $32.13.
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.
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