Grayscale Bitcoin Mini Trust (NYSEARCA:BTC) Stock Price Down 0.4% – Time to Sell?

Grayscale Bitcoin Mini Trust (NYSEARCA:BTCGet Free Report) fell 0.4% on Thursday . The stock traded as low as $42.41 and last traded at $42.96. 859,389 shares changed hands during trading, a decline of 40% from the average session volume of 1,425,263 shares. The stock had previously closed at $43.14.

Grayscale Bitcoin Mini Trust Trading Down 1.3 %

The company’s 50 day moving average price is $43.93 and its 200-day moving average price is $53.04.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in BTC. Jane Street Group LLC acquired a new stake in shares of Grayscale Bitcoin Mini Trust during the third quarter worth approximately $111,916,000. Horizon Kinetics Asset Management LLC bought a new position in Grayscale Bitcoin Mini Trust during the 3rd quarter valued at $86,042,000. Sloy Dahl & Holst LLC acquired a new position in Grayscale Bitcoin Mini Trust during the 3rd quarter worth $16,406,000. Emory University bought a new stake in shares of Grayscale Bitcoin Mini Trust in the 3rd quarter worth about $15,082,000. Finally, HighTower Advisors LLC acquired a new stake in shares of Grayscale Bitcoin Mini Trust in the 3rd quarter valued at about $7,491,000.

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