Northwestern Mutual Wealth Management Co. Increases Position in Grayscale Bitcoin Mini Trust ETF $BTC

Northwestern Mutual Wealth Management Co. grew its holdings in shares of Grayscale Bitcoin Mini Trust ETF (NYSEARCA:BTC) by 33.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 69,462 shares of the company’s stock after purchasing an additional 17,480 shares during the period. Northwestern Mutual Wealth Management Co. owned approximately 0.06% of Grayscale Bitcoin Mini Trust ETF worth $1,803,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Millennium Management LLC boosted its holdings in Grayscale Bitcoin Mini Trust ETF by 26.7% in the fourth quarter. Millennium Management LLC now owns 3,167,718 shares of the company’s stock worth $122,686,000 after acquiring an additional 667,553 shares in the last quarter. Wells Fargo & Company MN boosted its stake in Grayscale Bitcoin Mini Trust ETF by 157.6% in the 4th quarter. Wells Fargo & Company MN now owns 1,472,684 shares of the company’s stock worth $57,037,000 after purchasing an additional 900,987 shares in the last quarter. Steward Partners Investment Advisory LLC grew its position in Grayscale Bitcoin Mini Trust ETF by 20.4% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,297,393 shares of the company’s stock valued at $50,248,000 after purchasing an additional 220,174 shares during the last quarter. Sloy Dahl & Holst LLC grew its position in Grayscale Bitcoin Mini Trust ETF by 19.7% during the 4th quarter. Sloy Dahl & Holst LLC now owns 807,296 shares of the company’s stock valued at $31,267,000 after purchasing an additional 132,586 shares during the last quarter. Finally, NewEdge Wealth LLC increased its stake in Grayscale Bitcoin Mini Trust ETF by 3,052.8% during the 1st quarter. NewEdge Wealth LLC now owns 383,564 shares of the company’s stock valued at $11,503,000 after purchasing an additional 371,398 shares in the last quarter. Hedge funds and other institutional investors own 27.38% of the company’s stock.

Grayscale Bitcoin Mini Trust ETF Stock Down 2.4%

Shares of Grayscale Bitcoin Mini Trust ETF stock opened at $35.31 on Friday. Grayscale Bitcoin Mini Trust ETF has a 52-week low of $25.65 and a 52-week high of $55.96. The company has a 50-day simple moving average of $29.72 and a two-hundred day simple moving average of $30.77.

About Grayscale Bitcoin Mini Trust ETF

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. BTC was launched on Jul 31, 2024 and is issued by Grayscale.