Silicon Valley Capital Partners Sells 2,300 Shares of Grayscale Bitcoin Trust ETF $GBTC

Silicon Valley Capital Partners reduced its position in Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 21.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,500 shares of the company’s stock after selling 2,300 shares during the period. Silicon Valley Capital Partners’ holdings in Grayscale Bitcoin Trust ETF were worth $563,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of GBTC. First Horizon Advisors Inc. lifted its position in shares of Grayscale Bitcoin Trust ETF by 90.9% during the first quarter. First Horizon Advisors Inc. now owns 420 shares of the company’s stock valued at $27,000 after purchasing an additional 200 shares in the last quarter. Pacific Center for Financial Services purchased a new stake in Grayscale Bitcoin Trust ETF in the 4th quarter worth about $31,000. Hurley Capital LLC purchased a new stake in shares of Grayscale Bitcoin Trust ETF during the 1st quarter valued at approximately $34,000. Capital A Wealth Management LLC purchased a new position in shares of Grayscale Bitcoin Trust ETF in the fourth quarter valued at $35,000. Finally, Flaharty Asset Management LLC bought a new stake in shares of Grayscale Bitcoin Trust ETF during the first quarter valued at about $39,000.

Grayscale Bitcoin Trust ETF Stock Up 2.1%

Shares of NYSEARCA GBTC opened at $89.22 on Thursday. The stock’s 50-day simple moving average is $90.17 and its two-hundred day simple moving average is $80.10. The firm has a market capitalization of $21.48 billion, a P/E ratio of 2.23 and a beta of 2.47. Grayscale Bitcoin Trust ETF has a twelve month low of $44.24 and a twelve month high of $96.62.

Grayscale Bitcoin Trust ETF Company Profile

The Grayscale Bitcoin Trust (GBTC) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund is passively managed, offering exposure to the daily USD spot price of bitcoin (BTC). An investment in the fund is not a direct investment in bitcoin. GBTC was launched on Jan 11, 2024 and is issued by Grayscale.