Grayscale Bitcoin Trust ETF $GBTC Stock Holdings Cut by Revolve Wealth Partners LLC

Revolve Wealth Partners LLC reduced its stake in shares of Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 63.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,788 shares of the company’s stock after selling 4,927 shares during the period. Revolve Wealth Partners LLC’s holdings in Grayscale Bitcoin Trust ETF were worth $237,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Palacios Wealth Management LLC bought a new position in shares of Grayscale Bitcoin Trust ETF in the first quarter valued at approximately $65,170,000. DRW Securities LLC raised its holdings in shares of Grayscale Bitcoin Trust ETF by 849.0% in the 1st quarter. DRW Securities LLC now owns 370,589 shares of the company’s stock valued at $24,151,000 after purchasing an additional 331,538 shares during the period. Cresset Asset Management LLC raised its holdings in shares of Grayscale Bitcoin Trust ETF by 27.0% in the 1st quarter. Cresset Asset Management LLC now owns 299,976 shares of the company’s stock valued at $19,549,000 after purchasing an additional 63,749 shares during the period. Kingswood Wealth Advisors LLC raised its holdings in Grayscale Bitcoin Trust ETF by 0.7% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 287,024 shares of the company’s stock valued at $18,707,000 after acquiring an additional 1,957 shares during the period. Finally, Commonwealth Equity Services LLC increased its holdings in shares of Grayscale Bitcoin Trust ETF by 3.1% during the first quarter. Commonwealth Equity Services LLC now owns 256,572 shares of the company’s stock worth $16,721,000 after purchasing an additional 7,752 shares during the period.

Grayscale Bitcoin Trust ETF Price Performance

Shares of NYSEARCA:GBTC opened at $88.29 on Wednesday. Grayscale Bitcoin Trust ETF has a one year low of $51.58 and a one year high of $99.12. The firm has a 50 day simple moving average of $90.40 and a 200 day simple moving average of $84.14. The company has a market cap of $21.26 billion, a price-to-earnings ratio of 2.23 and a beta of 2.47.

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.