Grayscale Bitcoin Mini Trust (NYSEARCA:BTC) Trading Up 3.2% – Should You Buy?

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

Grayscale Bitcoin Mini Trust Price Performance

The firm has a 50 day moving average of $42.14 and a two-hundred day moving average of $100.20.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Jane Street Group LLC bought a new position in Grayscale Bitcoin Mini Trust during the 3rd quarter worth approximately $111,916,000. Horizon Kinetics Asset Management LLC bought a new position in Grayscale Bitcoin Mini Trust during the third quarter worth $86,042,000. Sloy Dahl & Holst LLC acquired a new position in Grayscale Bitcoin Mini Trust in the third quarter valued at $16,406,000. Emory University bought a new stake in Grayscale Bitcoin Mini Trust during the third quarter valued at $15,082,000. Finally, HighTower Advisors LLC acquired a new stake in Grayscale Bitcoin Mini Trust during the 3rd quarter worth about $7,491,000.