Ovata Capital Management Ltd Trims Holdings in Grayscale Bitcoin Mini Trust (NYSEARCA:BTC)

Ovata Capital Management Ltd lowered its position in Grayscale Bitcoin Mini Trust (NYSEARCA:BTC) by 80.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 60,460 shares of the company’s stock after selling 241,840 shares during the period. Grayscale Bitcoin Mini Trust makes up approximately 1.0% of Ovata Capital Management Ltd’s investment portfolio, making the stock its 22nd largest holding. Ovata Capital Management Ltd owned 0.19% of Grayscale Bitcoin Mini Trust worth $2,503,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of BTC. Hollencrest Capital Management grew its position in Grayscale Bitcoin Mini Trust by 32.5% during the 4th quarter. Hollencrest Capital Management now owns 1,120 shares of the company’s stock worth $47,000 after purchasing an additional 275 shares during the period. Asset Dedication LLC grew its holdings in Grayscale Bitcoin Mini Trust by 56.5% during the fourth quarter. Asset Dedication LLC now owns 1,175 shares of the company’s stock worth $49,000 after acquiring an additional 424 shares during the period. Golden State Wealth Management LLC acquired a new stake in Grayscale Bitcoin Mini Trust during the fourth quarter worth about $27,000. Modus Advisors LLC purchased a new position in Grayscale Bitcoin Mini Trust during the fourth quarter valued at approximately $29,000. Finally, Mainstream Capital Management LLC acquired a new position in Grayscale Bitcoin Mini Trust in the fourth quarter valued at approximately $32,000.

Grayscale Bitcoin Mini Trust Stock Up 2.5 %

Shares of NYSEARCA BTC opened at $37.21 on Friday. The firm’s 50 day simple moving average is $40.10 and its 200-day simple moving average is $38.34. Grayscale Bitcoin Mini Trust has a 12 month low of $22.00 and a 12 month 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.