Ribbit Management Company LLC Takes $245,000 Position in Grayscale Bitcoin Mini Trust (NYSEARCA:BTC)

Ribbit Management Company LLC bought a new position in shares of Grayscale Bitcoin Mini Trust (NYSEARCA:BTC) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 5,861 shares of the company’s stock, valued at approximately $245,000. Grayscale Bitcoin Mini Trust accounts for about 0.0% of Ribbit Management Company LLC’s investment portfolio, making the stock its 10th biggest position.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Hollencrest Capital Management raised its stake in Grayscale Bitcoin Mini Trust by 32.5% during the fourth quarter. Hollencrest Capital Management now owns 1,120 shares of the company’s stock worth $47,000 after acquiring an additional 275 shares in the last quarter. Asset Dedication LLC lifted its stake in Grayscale Bitcoin Mini Trust by 56.5% in the 4th quarter. Asset Dedication LLC now owns 1,175 shares of the company’s stock valued at $49,000 after purchasing an additional 424 shares during the last quarter. Glass Jacobson Investment Advisors llc boosted its position in Grayscale Bitcoin Mini Trust by 18.8% in the fourth quarter. Glass Jacobson Investment Advisors llc now owns 3,076 shares of the company’s stock valued at $129,000 after buying an additional 486 shares in the last quarter. Golden State Wealth Management LLC bought a new stake in shares of Grayscale Bitcoin Mini Trust during the fourth quarter worth $27,000. Finally, Mainstream Capital Management LLC acquired a new position in shares of Grayscale Bitcoin Mini Trust during the fourth quarter worth $32,000.

Grayscale Bitcoin Mini Trust Trading Down 1.5%

Shares of BTC opened at $45.77 on Thursday. Grayscale Bitcoin Mini Trust has a 52 week low of $22.00 and a 52 week high of $48.07. The stock has a fifty day moving average of $39.05 and a 200-day moving average of $40.71.

Grayscale Bitcoin Mini Trust Company 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.