Grayscale Bitcoin Mini Trust (NYSEARCA:BTC) Shares Gap Up – Time to Buy?

Grayscale Bitcoin Mini Trust (NYSEARCA:BTC) gapped up prior to trading on Monday . The stock had previously closed at $37.33, but opened at $41.31. Grayscale Bitcoin Mini Trust shares last traded at $40.21, with a volume of 520,424 shares traded.

Grayscale Bitcoin Mini Trust Trading Up 4.1 %

The company has a fifty day moving average of $42.92 and a 200-day moving average of $36.66.

Institutional Investors Weigh In On Grayscale Bitcoin Mini Trust

Several large investors have recently made changes to their positions in BTC. Vermillion & White Wealth Management Group LLC bought a new position in Grayscale Bitcoin Mini Trust during the fourth quarter valued at about $42,000. Ribbit Management Company LLC bought a new position in shares of Grayscale Bitcoin Mini Trust in the 4th quarter valued at approximately $245,000. Eagle Global Advisors LLC acquired a new stake in Grayscale Bitcoin Mini Trust in the 4th quarter worth approximately $498,000. Allegheny Financial Group bought a new stake in Grayscale Bitcoin Mini Trust during the fourth quarter worth approximately $207,000. Finally, Almitas Capital LLC bought a new stake in shares of Grayscale Bitcoin Mini Trust during the 4th quarter worth $1,495,000.

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.