Smithfield Trust Co trimmed its holdings in Grayscale Bitcoin Mini Trust (NYSEARCA:BTC – Free Report) by 80.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 11,239 shares of the company’s stock after selling 44,956 shares during the quarter. Smithfield Trust Co’s holdings in Grayscale Bitcoin Mini Trust were worth $470,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in BTC. Golden State Wealth Management LLC purchased a new position in Grayscale Bitcoin Mini Trust during the fourth quarter worth approximately $27,000. Modus Advisors LLC purchased a new stake in shares of Grayscale Bitcoin Mini Trust in the fourth quarter valued at approximately $29,000. Mainstream Capital Management LLC purchased a new stake in shares of Grayscale Bitcoin Mini Trust in the fourth quarter valued at approximately $32,000. Harbor Investment Advisory LLC purchased a new stake in shares of Grayscale Bitcoin Mini Trust in the fourth quarter valued at approximately $40,000. Finally, Asset Dedication LLC increased its position in shares of Grayscale Bitcoin Mini Trust by 56.5% in the fourth quarter. Asset Dedication LLC now owns 1,175 shares of the company’s stock valued at $49,000 after buying an additional 424 shares in the last quarter.
Grayscale Bitcoin Mini Trust Stock Up 4.1 %
BTC opened at $40.08 on Thursday. Grayscale Bitcoin Mini Trust has a 52-week low of $22.00 and a 52-week high of $48.07. The firm’s fifty day simple moving average is $42.84 and its two-hundred day simple moving average is $36.69.
About Grayscale Bitcoin Mini Trust
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.
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