Mainstream Capital Management LLC Makes New Investment in Grayscale Bitcoin Mini Trust (NYSEARCA:BTC)

Mainstream Capital Management LLC bought a new stake in shares of Grayscale Bitcoin Mini Trust (NYSEARCA:BTC) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 768 shares of the company’s stock, valued at approximately $32,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Spire Wealth Management bought a new position in Grayscale Bitcoin Mini Trust during the 4th quarter worth $927,000. Bray Capital Advisors acquired a new position in shares of Grayscale Bitcoin Mini Trust during the third quarter valued at $305,000. Strategic Financial Concepts LLC bought a new position in shares of Grayscale Bitcoin Mini Trust during the fourth quarter worth about $1,044,000. Golden State Wealth Management LLC acquired a new stake in shares of Grayscale Bitcoin Mini Trust in the 4th quarter worth about $27,000. Finally, Private Advisor Group LLC bought a new stake in Grayscale Bitcoin Mini Trust in the 3rd quarter valued at about $167,000.

Grayscale Bitcoin Mini Trust Stock Performance

NYSEARCA BTC opened at $38.50 on Wednesday. The company has a 50-day moving average price of $42.92 and a two-hundred day moving average price of $36.66. Grayscale Bitcoin Mini Trust has a 52 week low of $22.00 and a 52 week 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.