Farther Finance Advisors LLC Invests $567,000 in Grayscale Bitcoin Mini Trust (NYSEARCA:BTC)

Farther Finance Advisors LLC bought a new position in shares of Grayscale Bitcoin Mini Trust (NYSEARCA:BTC) during the fourth quarter, Holdings Channel reports. The fund bought 13,534 shares of the company’s stock, valued at approximately $567,000.

A number of other institutional investors and hedge funds also recently modified their holdings of BTC. Golden State Wealth Management LLC purchased a new position in shares of Grayscale Bitcoin Mini Trust during the fourth quarter valued at $27,000. Modus Advisors LLC purchased a new position in Grayscale Bitcoin Mini Trust in the fourth quarter valued at about $29,000. Mainstream Capital Management LLC purchased a new position in Grayscale Bitcoin Mini Trust in the fourth quarter valued at about $32,000. Harbor Investment Advisory LLC purchased a new position in Grayscale Bitcoin Mini Trust in the fourth quarter valued at about $40,000. Finally, Hollencrest Capital Management grew its stake in Grayscale Bitcoin Mini Trust by 32.5% in the fourth quarter. Hollencrest Capital Management now owns 1,120 shares of the company’s stock valued at $47,000 after purchasing an additional 275 shares in the last quarter.

Grayscale Bitcoin Mini Trust Stock Performance

Shares of NYSEARCA BTC opened at $37.54 on Monday. The business’s 50-day moving average price is $42.11 and its two-hundred day moving average price is $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 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.