Equitable Trust Co. decreased its stake in shares of Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC – Free Report) by 24.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,809 shares of the company’s stock after selling 1,515 shares during the period. Equitable Trust Co.’s holdings in Grayscale Bitcoin Trust ETF were worth $408,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of the stock. Palacios Wealth Management LLC bought a new position in Grayscale Bitcoin Trust ETF in the first quarter worth about $65,170,000. DRW Securities LLC lifted its holdings in Grayscale Bitcoin Trust ETF by 849.0% in the first quarter. DRW Securities LLC now owns 370,589 shares of the company’s stock worth $24,151,000 after acquiring an additional 331,538 shares during the last quarter. SCS Capital Management LLC bought a new position in Grayscale Bitcoin Trust ETF in the first quarter worth about $4,950,000. Cresset Asset Management LLC lifted its holdings in Grayscale Bitcoin Trust ETF by 27.0% in the first quarter. Cresset Asset Management LLC now owns 299,976 shares of the company’s stock worth $19,549,000 after acquiring an additional 63,749 shares during the last quarter. Finally, Ethos Financial Group LLC bought a new position in Grayscale Bitcoin Trust ETF in the first quarter worth about $3,468,000.
Grayscale Bitcoin Trust ETF Stock Down 1.2%
Shares of NYSEARCA GBTC opened at $87.23 on Thursday. The firm’s 50-day moving average price is $90.33 and its two-hundred day moving average price is $84.17. Grayscale Bitcoin Trust ETF has a 52-week low of $51.83 and a 52-week high of $99.12. The stock has a market capitalization of $21.00 billion, a P/E 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.
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