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

Grayscale Bitcoin Mini Trust (NYSEARCA:BTC)’s share price gapped down before the market opened 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.

Grayscale Bitcoin Mini Trust Trading Down 2.7 %

The business’s 50 day moving average price is $41.82 and its 200-day moving average price is $37.40.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Copia Wealth Management acquired a new position in Grayscale Bitcoin Mini Trust during the fourth quarter worth about $144,000. Vermillion & White Wealth Management Group LLC acquired a new position in Grayscale Bitcoin Mini Trust during the fourth quarter worth about $42,000. Ribbit Management Company LLC acquired a new stake in shares of Grayscale Bitcoin Mini Trust in the fourth quarter valued at approximately $245,000. Eagle Global Advisors LLC acquired a new stake in shares of Grayscale Bitcoin Mini Trust in the fourth quarter valued at approximately $498,000. Finally, Allegheny Financial Group acquired a new stake in shares of Grayscale Bitcoin Mini Trust in the fourth quarter valued at approximately $207,000.

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.