PNC Financial Services Group Inc. Reduces Stock Position in Grayscale Bitcoin Mini Trust (NYSEARCA:BTC)

PNC Financial Services Group Inc. lessened its holdings in shares of Grayscale Bitcoin Mini Trust (NYSEARCA:BTC) by 80.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,015 shares of the company’s stock after selling 37,804 shares during the period. PNC Financial Services Group Inc. owned about 2.77% of Grayscale Bitcoin Mini Trust worth $377,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of BTC. SouthState Corp purchased a new stake in shares of Grayscale Bitcoin Mini Trust during the third quarter valued at approximately $37,000. Howe & Rusling Inc. purchased a new stake in Grayscale Bitcoin Mini Trust during the 3rd quarter valued at $459,000. Moors & Cabot Inc. bought a new stake in shares of Grayscale Bitcoin Mini Trust in the 3rd quarter worth $2,482,000. Smithfield Trust Co purchased a new position in shares of Grayscale Bitcoin Mini Trust in the third quarter worth $316,000. Finally, Meridian Wealth Management LLC bought a new position in shares of Grayscale Bitcoin Mini Trust during the third quarter valued at $209,000.

Grayscale Bitcoin Mini Trust Stock Performance

Shares of BTC stock opened at $37.31 on Friday. Grayscale Bitcoin Mini Trust has a 12-month low of $22.00 and a 12-month high of $48.07. The firm’s 50 day moving average is $41.66 and its 200 day moving average is $37.40.

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.