Ethos Financial Group LLC reduced its stake in shares of Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC – Free Report) by 69.3% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 16,310 shares of the company’s stock after selling 36,902 shares during the period. Ethos Financial Group LLC’s holdings in Grayscale Bitcoin Trust ETF were worth $1,115,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Ciovacco Capital Management LLC purchased a new position in shares of Grayscale Bitcoin Trust ETF during the 3rd quarter valued at approximately $696,000. B. Riley Wealth Advisors Inc. purchased a new stake in Grayscale Bitcoin Trust ETF during the second quarter worth $2,779,000. CWM LLC grew its position in Grayscale Bitcoin Trust ETF by 117.9% during the third quarter. CWM LLC now owns 12,571 shares of the company’s stock valued at $1,128,000 after buying an additional 6,802 shares during the period. Corient Private Wealth LLC grew its position in Grayscale Bitcoin Trust ETF by 203.6% during the second quarter. Corient Private Wealth LLC now owns 49,653 shares of the company’s stock valued at $4,212,000 after buying an additional 33,299 shares during the period. Finally, Traynor Capital Management Inc. purchased a new position in Grayscale Bitcoin Trust ETF in the third quarter valued at $775,000.
Grayscale Bitcoin Trust ETF Price Performance
Shares of Grayscale Bitcoin Trust ETF stock opened at $52.15 on Monday. The firm has a market cap of $12.56 billion, a PE ratio of 2.23 and a beta of 2.40. Grayscale Bitcoin Trust ETF has a twelve month low of $48.56 and a twelve month high of $99.12. The business has a 50-day moving average price of $55.31 and a 200 day moving average price of $70.00.
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.
Read More
Want to see what other hedge funds are holding GBTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC – Free Report).
Receive News & Ratings for Grayscale Bitcoin Trust ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grayscale Bitcoin Trust ETF and related companies with MarketBeat.com's FREE daily email newsletter.
