Blue Square Asset Management LLC Decreases Stock Holdings in Grayscale Bitcoin Trust ETF $GBTC

Blue Square Asset Management LLC reduced its position in Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 24.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 60,217 shares of the company’s stock after selling 19,994 shares during the period. Grayscale Bitcoin Trust ETF accounts for about 1.8% of Blue Square Asset Management LLC’s portfolio, making the stock its 20th largest position. Blue Square Asset Management LLC’s holdings in Grayscale Bitcoin Trust ETF were worth $4,116,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the company. Ciovacco Capital Management LLC purchased a new position in Grayscale Bitcoin Trust ETF in the third quarter worth $696,000. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Grayscale Bitcoin Trust ETF during the 2nd quarter valued at $2,779,000. CWM LLC lifted its holdings in shares of Grayscale Bitcoin Trust ETF by 117.9% during the 3rd quarter. CWM LLC now owns 12,571 shares of the company’s stock valued at $1,128,000 after purchasing an additional 6,802 shares during the last quarter. Corient Private Wealth LLC boosted its position in shares of Grayscale Bitcoin Trust ETF by 203.6% in the 2nd quarter. Corient Private Wealth LLC now owns 49,653 shares of the company’s stock worth $4,212,000 after purchasing an additional 33,299 shares in the last quarter. Finally, Traynor Capital Management Inc. purchased a new position in Grayscale Bitcoin Trust ETF during the 3rd quarter worth $775,000.

Grayscale Bitcoin Trust ETF Price Performance

Shares of NYSEARCA:GBTC opened at $52.15 on Friday. The business’s 50-day moving average is $55.31 and its 200 day moving average is $70.29. Grayscale Bitcoin Trust ETF has a 1 year low of $48.56 and a 1 year high of $99.12. The firm has a market capitalization of $12.56 billion, a P/E ratio of 2.23 and a beta of 2.40.

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.