Grayscale Bitcoin Mini Trust (NYSEARCA:BTC) Shares Gap Down – What’s Next?

Grayscale Bitcoin Mini Trust (NYSEARCA:BTC)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $37.54, but opened at $36.75. Grayscale Bitcoin Mini Trust shares last traded at $36.73, with a volume of 120,027 shares.

Grayscale Bitcoin Mini Trust Trading Down 1.3 %

The business has a 50-day moving average of $42.11 and a 200-day moving average of $37.25.

Institutional Trading of Grayscale Bitcoin Mini Trust

A number of hedge funds and other institutional investors have recently modified their holdings of BTC. Golden State Wealth Management LLC acquired a new position in Grayscale Bitcoin Mini Trust in the 4th quarter valued at about $27,000. Modus Advisors LLC acquired a new position in Grayscale Bitcoin Mini Trust in the 4th quarter valued at about $29,000. Mainstream Capital Management LLC acquired a new position in Grayscale Bitcoin Mini Trust in the 4th quarter valued at about $32,000. Redwood Park Advisors LLC acquired a new position in Grayscale Bitcoin Mini Trust in the 4th quarter valued at about $39,000. Finally, Harbor Investment Advisory LLC acquired a new position in Grayscale Bitcoin Mini Trust in the 4th quarter valued at about $40,000.

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.