Wealthfront Advisers LLC Reduces Stock Holdings in Grayscale Bitcoin Trust ETF $GBTC

Wealthfront Advisers LLC reduced its stake in shares of Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 5.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 373,430 shares of the company’s stock after selling 23,477 shares during the quarter. Wealthfront Advisers LLC owned about 0.16% of Grayscale Bitcoin Trust ETF worth $33,523,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of GBTC. Root Financial Partners LLC acquired a new stake in shares of Grayscale Bitcoin Trust ETF during the third quarter worth about $29,000. Elevation Point Wealth Partners LLC acquired a new position in Grayscale Bitcoin Trust ETF during the second quarter worth approximately $33,000. Strengthening Families & Communities LLC purchased a new stake in Grayscale Bitcoin Trust ETF in the third quarter valued at approximately $33,000. Westfuller Advisors LLC acquired a new stake in shares of Grayscale Bitcoin Trust ETF in the third quarter valued at approximately $38,000. Finally, Atlantic Union Bankshares Corp acquired a new stake in shares of Grayscale Bitcoin Trust ETF in the second quarter valued at approximately $42,000.

Grayscale Bitcoin Trust ETF Price Performance

GBTC stock opened at $55.19 on Tuesday. The company has a market cap of $13.29 billion, a price-to-earnings ratio of 2.23 and a beta of 2.40. The company has a fifty day moving average price of $68.54 and a 200 day moving average price of $80.01. Grayscale Bitcoin Trust ETF has a 12 month low of $48.56 and a 12 month high of $99.12.

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.