Smithfield Trust Co Sells 44,956 Shares of Grayscale Bitcoin Mini Trust (NYSEARCA:BTC)

Smithfield Trust Co cut its position in shares of Grayscale Bitcoin Mini Trust (NYSEARCA:BTC) by 80.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,239 shares of the company’s stock after selling 44,956 shares during the period. Smithfield Trust Co owned approximately 3.46% of Grayscale Bitcoin Mini Trust worth $470,000 as of its most recent SEC filing.

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

Grayscale Bitcoin Mini Trust Price Performance

Grayscale Bitcoin Mini Trust stock opened at $40.08 on Thursday. Grayscale Bitcoin Mini Trust has a 1-year low of $22.00 and a 1-year high of $48.07. The company’s 50-day moving average is $42.84 and its 200 day moving average is $36.69.

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.