Renaissance Technologies LLC lowered its stake in Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC – Free Report) by 49.3% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 60,950 shares of the company’s stock after selling 59,150 shares during the quarter. Renaissance Technologies LLC’s holdings in Grayscale Bitcoin Trust ETF were worth $3,216,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of GBTC. Garton & Associates Financial Advisors LLC bought a new position in Grayscale Bitcoin Trust ETF during the fourth quarter worth $27,000. Cary Street Partners Investment Advisory LLC acquired a new stake in Grayscale Bitcoin Trust ETF in the fourth quarter worth $30,000. Hollencrest Capital Management increased its stake in Grayscale Bitcoin Trust ETF by 480.8% in the first quarter. Hollencrest Capital Management now owns 726 shares of the company’s stock valued at $38,000 after purchasing an additional 601 shares in the last quarter. RHL Group LLC bought a new stake in Grayscale Bitcoin Trust ETF in the fourth quarter valued at $43,000. Finally, Quattro Advisors LLC acquired a new position in shares of Grayscale Bitcoin Trust ETF during the fourth quarter valued at about $52,000.
Grayscale Bitcoin Trust ETF Price Performance
GBTC stock opened at $50.30 on Friday. The stock has a market capitalization of $9.76 billion, a PE ratio of 2.23 and a beta of 2.17. The company’s 50-day moving average is $49.27 and its 200-day moving average is $54.84. Grayscale Bitcoin Trust ETF has a 1 year low of $44.98 and a 1 year high of $99.12.
About Grayscale Bitcoin Trust ETF
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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