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

PNC Financial Services Group Inc. lessened its holdings in Grayscale Bitcoin Mini Trust (NYSEARCA:BTC) by 80.7% during the 4th quarter, HoldingsChannel reports. The firm owned 9,015 shares of the company’s stock after selling 37,804 shares during the period. PNC Financial Services Group Inc.’s holdings in Grayscale Bitcoin Mini Trust were worth $377,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Asset Dedication LLC grew its stake in shares of Grayscale Bitcoin Mini Trust by 56.5% during the fourth quarter. Asset Dedication LLC now owns 1,175 shares of the company’s stock valued at $49,000 after buying an additional 424 shares during the last quarter. Golden State Wealth Management LLC purchased a new stake in Grayscale Bitcoin Mini Trust in the 4th quarter valued at about $27,000. Modus Advisors LLC purchased a new stake in Grayscale Bitcoin Mini Trust in the 4th quarter valued at about $29,000. Mainstream Capital Management LLC bought a new position in Grayscale Bitcoin Mini Trust in the 4th quarter worth about $32,000. Finally, Harbor Investment Advisory LLC purchased a new position in shares of Grayscale Bitcoin Mini Trust during the fourth quarter worth approximately $40,000.

Grayscale Bitcoin Mini Trust Trading Down 1.5 %

Shares of BTC stock opened at $37.31 on Friday. Grayscale Bitcoin Mini Trust has a twelve month low of $22.00 and a twelve month high of $48.07. The stock has a fifty day simple moving average of $41.66 and a two-hundred day simple moving average of $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.