Cwm LLC Acquires 6,802 Shares of Grayscale Bitcoin Trust ETF $GBTC

Cwm LLC lifted its stake in Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 117.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,571 shares of the company’s stock after acquiring an additional 6,802 shares during the period. Cwm LLC’s holdings in Grayscale Bitcoin Trust ETF were worth $1,128,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the stock. Ieq Capital LLC boosted its stake in Grayscale Bitcoin Trust ETF by 400.6% in the 2nd quarter. Ieq Capital LLC now owns 113,310 shares of the company’s stock worth $9,612,000 after purchasing an additional 90,675 shares during the period. SCS Capital Management LLC bought a new position in shares of Grayscale Bitcoin Trust ETF in the first quarter valued at approximately $4,950,000. WESCAP Management Group Inc. purchased a new position in Grayscale Bitcoin Trust ETF during the second quarter valued at approximately $6,190,000. Global Retirement Partners LLC bought a new stake in Grayscale Bitcoin Trust ETF during the 2nd quarter worth approximately $5,398,000. Finally, Farther Finance Advisors LLC increased its holdings in Grayscale Bitcoin Trust ETF by 275.2% during the 2nd quarter. Farther Finance Advisors LLC now owns 68,650 shares of the company’s stock worth $5,824,000 after acquiring an additional 50,355 shares during the period.

Grayscale Bitcoin Trust ETF Price Performance

GBTC opened at $73.61 on Tuesday. The firm has a market capitalization of $17.72 billion, a P/E ratio of 2.23 and a beta of 2.40. Grayscale Bitcoin Trust ETF has a one year low of $59.79 and a one year high of $99.12. The company has a fifty day moving average price of $72.99 and a 200-day moving average price of $83.67.

Grayscale Bitcoin Trust ETF 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.