Proficio Capital Partners LLC Reduces Position in Grayscale Bitcoin Mini Trust (NYSEARCA:BTC)

Proficio Capital Partners LLC lessened its stake in shares of Grayscale Bitcoin Mini Trust (NYSEARCA:BTC) by 52.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 22,092 shares of the company’s stock after selling 24,020 shares during the quarter. Proficio Capital Partners LLC owned approximately 0.07% of Grayscale Bitcoin Mini Trust worth $925,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Spire Wealth Management bought a new position in shares of Grayscale Bitcoin Mini Trust during the fourth quarter valued at $927,000. Golden State Wealth Management LLC purchased a new position in Grayscale Bitcoin Mini Trust in the fourth quarter worth about $27,000. Strategic Financial Concepts LLC purchased a new position in Grayscale Bitcoin Mini Trust in the fourth quarter worth about $1,044,000. Caprock Group LLC purchased a new position in Grayscale Bitcoin Mini Trust in the fourth quarter worth about $251,000. Finally, Quent Capital LLC purchased a new position in Grayscale Bitcoin Mini Trust in the fourth quarter worth about $53,000.

Grayscale Bitcoin Mini Trust Price Performance

Shares of NYSEARCA:BTC opened at $37.19 on Friday. The stock’s 50-day simple moving average is $41.57 and its two-hundred day simple moving average is $37.48. Grayscale Bitcoin Mini Trust has a 52-week low of $22.00 and a 52-week high of $48.07.

About Grayscale Bitcoin Mini Trust

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.