Grayscale Bitcoin Mini Trust (NYSEARCA:BTC) Trading Up 3.2% – Here’s Why

Grayscale Bitcoin Mini Trust (NYSEARCA:BTC) shares traded up 3.2% during mid-day trading on Wednesday . The stock traded as high as $44.67 and last traded at $44.15. 1,210,431 shares were traded during mid-day trading, a decline of 21% from the average session volume of 1,528,031 shares. The stock had previously closed at $42.77.

Grayscale Bitcoin Mini Trust Trading Up 3.2 %

The business has a fifty day simple moving average of $42.14 and a 200-day simple moving average of $100.20.

Hedge Funds Weigh In On Grayscale Bitcoin Mini Trust

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Sound Income Strategies LLC bought a new position in shares of Grayscale Bitcoin Mini Trust in the 3rd quarter worth $25,000. Sunbelt Securities Inc. bought a new position in shares of Grayscale Bitcoin Mini Trust in the third quarter valued at $25,000. Modus Advisors LLC acquired a new position in shares of Grayscale Bitcoin Mini Trust during the fourth quarter valued at about $29,000. ZRC Wealth Management LLC bought a new stake in shares of Grayscale Bitcoin Mini Trust during the third quarter worth about $36,000. Finally, SouthState Corp acquired a new stake in shares of Grayscale Bitcoin Mini Trust in the 3rd quarter worth about $37,000.