Gallacher Capital Management LLC Trims Stake in Grayscale Bitcoin Mini Trust (NYSEARCA:BTC)

Gallacher Capital Management LLC trimmed its stake in Grayscale Bitcoin Mini Trust (NYSEARCA:BTC) by 80.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,962 shares of the company’s stock after selling 33,014 shares during the period. Gallacher Capital Management LLC owned 2.45% of Grayscale Bitcoin Mini Trust worth $333,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Golden State Wealth Management LLC bought a new position in Grayscale Bitcoin Mini Trust in the 4th quarter worth $27,000. Modus Advisors LLC bought a new position in Grayscale Bitcoin Mini Trust in the 4th quarter worth $29,000. Mainstream Capital Management LLC bought a new position in Grayscale Bitcoin Mini Trust in the 4th quarter worth $32,000. Harbor Investment Advisory LLC bought a new position in Grayscale Bitcoin Mini Trust in the 4th quarter worth $40,000. Finally, Hollencrest Capital Management boosted its holdings in shares of Grayscale Bitcoin Mini Trust by 32.5% during the 4th quarter. Hollencrest Capital Management now owns 1,120 shares of the company’s stock valued at $47,000 after purchasing an additional 275 shares during the last quarter.

Grayscale Bitcoin Mini Trust Price Performance

BTC opened at $37.54 on Monday. The firm has a 50-day simple moving average of $42.11 and a two-hundred day simple moving average of $37.25. Grayscale Bitcoin Mini Trust has a 52 week low of $22.00 and a 52 week high of $48.07.

Grayscale Bitcoin Mini Trust 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.