JW Asset Management LLC Invests $4.48 Million in Grayscale Bitcoin Mini Trust (NYSEARCA:BTC)

JW Asset Management LLC purchased a new position in shares of Grayscale Bitcoin Mini Trust (NYSEARCA:BTC) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 107,000 shares of the company’s stock, valued at approximately $4,480,000. Grayscale Bitcoin Mini Trust makes up 2.1% of JW Asset Management LLC’s portfolio, making the stock its 6th biggest position. JW Asset Management LLC owned approximately 0.33% of Grayscale Bitcoin Mini Trust at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in BTC. Spire Wealth Management bought a new position in shares of Grayscale Bitcoin Mini Trust in the fourth quarter valued at $927,000. Strategic Financial Concepts LLC bought a new position in shares of Grayscale Bitcoin Mini Trust in the fourth quarter valued at $1,044,000. Golden State Wealth Management LLC bought a new position in shares of Grayscale Bitcoin Mini Trust in the fourth quarter valued at $27,000. Caprock Group LLC bought a new position in shares of Grayscale Bitcoin Mini Trust in the fourth quarter valued at $251,000. Finally, Quent Capital LLC bought a new position in shares of Grayscale Bitcoin Mini Trust in the fourth quarter valued at $53,000.

Grayscale Bitcoin Mini Trust Stock Down 9.2 %

Shares of Grayscale Bitcoin Mini Trust stock opened at $34.99 on Tuesday. The business has a fifty day simple moving average of $42.58 and a two-hundred day simple moving average of $36.99. Grayscale Bitcoin Mini Trust has a 1 year low of $22.00 and a 1 year high of $48.07.

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.