US Bancorp DE Has $373,000 Position in Grayscale Bitcoin Mini Trust (NYSEARCA:BTC)

US Bancorp DE lowered its position in Grayscale Bitcoin Mini Trust (NYSEARCA:BTC) by 80.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 8,912 shares of the company’s stock after selling 35,789 shares during the period. US Bancorp DE’s holdings in Grayscale Bitcoin Mini Trust were worth $373,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Jane Street Group LLC acquired a new position in Grayscale Bitcoin Mini Trust in the third quarter worth approximately $111,916,000. Horizon Kinetics Asset Management LLC bought a new stake in Grayscale Bitcoin Mini Trust during the third quarter worth approximately $86,042,000. HighTower Advisors LLC bought a new stake in Grayscale Bitcoin Mini Trust during the third quarter worth approximately $7,491,000. EagleClaw Capital Managment LLC bought a new stake in Grayscale Bitcoin Mini Trust during the third quarter worth approximately $5,719,000. Finally, One Charles Private Wealth Services LLC bought a new stake in Grayscale Bitcoin Mini Trust during the third quarter worth approximately $2,660,000.

Grayscale Bitcoin Mini Trust Stock Down 3.4 %

Shares of Grayscale Bitcoin Mini Trust stock opened at $35.50 on Friday. The stock has a 50 day moving average price of $42.23 and a two-hundred day moving average price of $37.04. Grayscale Bitcoin Mini Trust has a 12-month low of $22.00 and a 12-month 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.