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

Grayscale Bitcoin Mini Trust (NYSEARCA:BTC)’s stock price gapped down prior to trading 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 trading hands.

Grayscale Bitcoin Mini Trust Stock Down 2.7 %

The business’s fifty day moving average price is $41.82 and its 200 day moving average price is $37.40.

Institutional Investors Weigh In On Grayscale Bitcoin Mini Trust

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Sunbelt Securities Inc. acquired a new position in shares of Grayscale Bitcoin Mini Trust during the third quarter worth about $25,000. Golden State Wealth Management LLC acquired a new position in shares of Grayscale Bitcoin Mini Trust during the fourth quarter worth about $27,000. Modus Advisors LLC acquired a new position in shares of Grayscale Bitcoin Mini Trust during the fourth quarter worth about $29,000. Mainstream Capital Management LLC acquired a new position in shares of Grayscale Bitcoin Mini Trust during the fourth quarter worth about $32,000. Finally, SouthState Corp acquired a new position in shares of Grayscale Bitcoin Mini Trust during the third quarter worth about $37,000.

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.