Compass Ion Advisors LLC Lowers Stake in Grayscale Bitcoin Mini Trust (NYSEARCA:BTC)

Compass Ion Advisors LLC cut its position in Grayscale Bitcoin Mini Trust (NYSEARCA:BTC) by 82.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,572 shares of the company’s stock after selling 30,887 shares during the period. Compass Ion Advisors LLC owned about 2.02% of Grayscale Bitcoin Mini Trust worth $275,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of BTC. SouthState Corp bought a new stake in Grayscale Bitcoin Mini Trust during the third quarter valued at about $37,000. Howe & Rusling Inc. purchased a new position in Grayscale Bitcoin Mini Trust in the 3rd quarter worth approximately $459,000. Bellwether Advisors LLC bought a new position in Grayscale Bitcoin Mini Trust in the 3rd quarter worth approximately $102,000. EagleClaw Capital Managment LLC purchased a new stake in Grayscale Bitcoin Mini Trust during the 3rd quarter valued at approximately $5,719,000. Finally, Moors & Cabot Inc. bought a new stake in shares of Grayscale Bitcoin Mini Trust during the third quarter valued at approximately $2,482,000.

Grayscale Bitcoin Mini Trust Price Performance

BTC stock opened at $37.89 on Thursday. The company’s fifty day moving average price is $41.75 and its 200-day moving average price is $37.40. Grayscale Bitcoin Mini Trust has a one year low of $22.00 and a one year 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.