Spire Wealth Management Lowers Stock Position in Grayscale Bitcoin Mini Trust ETF (NYSEARCA:BTC)

Spire Wealth Management trimmed its holdings in shares of Grayscale Bitcoin Mini Trust ETF (NYSEARCA:BTC) by 1.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 21,735 shares of the company’s stock after selling 394 shares during the period. Spire Wealth Management’s holdings in Grayscale Bitcoin Mini Trust ETF were worth $793,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in BTC. Proficio Capital Partners LLC boosted its position in Grayscale Bitcoin Mini Trust ETF by 447.3% during the 4th quarter. Proficio Capital Partners LLC now owns 252,394 shares of the company’s stock worth $10,568,000 after purchasing an additional 206,282 shares during the period. HFG Wealth Management LLC purchased a new position in Grayscale Bitcoin Mini Trust ETF in the 1st quarter valued at about $6,547,000. Hunting Hill Global Capital LLC purchased a new position in Grayscale Bitcoin Mini Trust ETF in the 4th quarter valued at about $5,413,000. Kaleidoscope Capital LP purchased a new position in Grayscale Bitcoin Mini Trust ETF in the 4th quarter valued at about $5,290,000. Finally, JW Asset Management LLC purchased a new position in Grayscale Bitcoin Mini Trust ETF in the 4th quarter valued at about $4,480,000. 27.38% of the stock is owned by hedge funds and other institutional investors.

Grayscale Bitcoin Mini Trust ETF Price Performance

NYSEARCA:BTC opened at $47.32 on Friday. The firm has a 50-day moving average of $45.55 and a two-hundred day moving average of $42.53. Grayscale Bitcoin Mini Trust ETF has a 1-year low of $22.00 and a 1-year high of $49.65.

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.