Horizon Kinetics Asset Management LLC reduced its position in Grayscale Bitcoin Mini Trust (NYSEARCA:BTC – Free Report) by 79.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,064,302 shares of the company’s stock after selling 12,218,491 shares during the quarter. Grayscale Bitcoin Mini Trust accounts for approximately 1.6% of Horizon Kinetics Asset Management LLC’s investment portfolio, making the stock its 6th largest holding. Horizon Kinetics Asset Management LLC owned approximately 942.86% of Grayscale Bitcoin Mini Trust worth $128,302,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Sunbelt Securities Inc. bought a new position in Grayscale Bitcoin Mini Trust in the third quarter worth about $25,000. Golden State Wealth Management LLC bought a new position in Grayscale Bitcoin Mini Trust in the fourth quarter worth about $27,000. Modus Advisors LLC bought a new position in Grayscale Bitcoin Mini Trust in the fourth quarter worth about $29,000. Mainstream Capital Management LLC bought a new position in Grayscale Bitcoin Mini Trust in the fourth quarter worth about $32,000. Finally, SouthState Corp bought a new position in Grayscale Bitcoin Mini Trust in the third quarter worth about $37,000.
Grayscale Bitcoin Mini Trust Trading Up 5.7 %
Shares of Grayscale Bitcoin Mini Trust stock opened at $37.54 on Monday. The company has a 50-day simple moving average of $42.11 and a two-hundred day simple moving average of $37.25. Grayscale Bitcoin Mini Trust has a one year low of $22.00 and a one year high of $48.07.
Grayscale Bitcoin Mini Trust 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.
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Want to see what other hedge funds are holding BTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Grayscale Bitcoin Mini Trust (NYSEARCA:BTC – Free Report).
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