RHL Group LLC purchased a new position in shares of Grayscale Bitcoin Mini Trust ETF (NYSEARCA:BTC – Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 67,023 shares of the company’s stock, valued at approximately $2,476,000. Grayscale Bitcoin Mini Trust ETF comprises about 1.7% of RHL Group LLC’s portfolio, making the stock its 14th largest position.
Other large investors have also modified their holdings of the company. R. W. Roge & Company Inc. increased its holdings in shares of Grayscale Bitcoin Mini Trust ETF by 4.8% during the third quarter. R. W. Roge & Company Inc. now owns 91,443 shares of the company’s stock valued at $3,379,000 after acquiring an additional 4,205 shares in the last quarter. 180 Wealth Advisors LLC raised its position in shares of Grayscale Bitcoin Mini Trust ETF by 168.8% in the 3rd quarter. 180 Wealth Advisors LLC now owns 48,324 shares of the company’s stock valued at $1,786,000 after purchasing an additional 30,343 shares during the last quarter. Guild Investment Management Inc. boosted its stake in Grayscale Bitcoin Mini Trust ETF by 66.2% in the 3rd quarter. Guild Investment Management Inc. now owns 30,640 shares of the company’s stock worth $1,132,000 after purchasing an additional 12,200 shares in the last quarter. StoneX Group Inc. acquired a new stake in Grayscale Bitcoin Mini Trust ETF in the 3rd quarter worth approximately $297,000. Finally, Heritage Family Offices LLP grew its position in Grayscale Bitcoin Mini Trust ETF by 15.3% during the 3rd quarter. Heritage Family Offices LLP now owns 236,964 shares of the company’s stock worth $8,756,000 after purchasing an additional 31,487 shares during the last quarter. Hedge funds and other institutional investors own 27.38% of the company’s stock.
Grayscale Bitcoin Mini Trust ETF Price Performance
NYSEARCA:BTC opened at $33.50 on Monday. Grayscale Bitcoin Mini Trust ETF has a twelve month low of $25.65 and a twelve month high of $47.07. The company’s 50 day moving average is $35.76 and its two-hundred day moving average is $32.26.
Key Grayscale Bitcoin Mini Trust ETF News
Here are the key news stories impacting Grayscale Bitcoin Mini Trust ETF this week:
- Positive Sentiment: A Labor Department rule that could allow Bitcoin in 401(k) menus is in final White House review. If adopted and offered by employers, it may eventually broaden access to retirement-plan capital, although the timing and reach remain unclear. Article: The 401(k) Crypto Rule Is in Its Final White House Review
- Neutral Sentiment: Bitcoin’s tax-loss harvesting rules may let investors sell at a loss and buy back sooner than they could with stocks. However, pending legislation and other tax considerations could change the strategy; the article does not point to a clear near-term catalyst for BTC. Article: Crypto Has No Wash-Sale Rule
- Negative Sentiment: Bitcoin ETFs reportedly saw $1.3 billion in outflows over a week, signaling weaker demand for the products and potentially adding pressure to Bitcoin-linked funds such as BTC. The article notes that one fund accounted for nearly all the selling but does not identify it in the summary. Article: Bitcoin ETFs Shed $1.3 Billion in a Week
- Negative Sentiment: Bitcoin was heading toward a fifth consecutive losing week, while large Hyperliquid traders had turned net short. Those signals add to near-term bearish sentiment, though the article notes that traders’ past calls have had mixed results. Article: Bitcoin Is Heading for a Fifth Straight Losing Week
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.
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