Grayscale Bitcoin Trust ETF $GBTC Shares Sold by Greenwich Wealth Management LLC

Greenwich Wealth Management LLC reduced its holdings in shares of Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 97.2% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,004 shares of the company’s stock after selling 615,989 shares during the quarter. Greenwich Wealth Management LLC’s holdings in Grayscale Bitcoin Trust ETF were worth $820,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Hollencrest Capital Management boosted its holdings in Grayscale Bitcoin Trust ETF by 480.8% during the first quarter. Hollencrest Capital Management now owns 726 shares of the company’s stock worth $38,000 after purchasing an additional 601 shares during the last quarter. Compass Financial Management LLC acquired a new stake in Grayscale Bitcoin Trust ETF in the 2nd quarter valued at $114,000. Sankala Group LLC bought a new stake in Grayscale Bitcoin Trust ETF during the 4th quarter worth about $199,000. Compass Financial Group Inc. Ohio bought a new stake in Grayscale Bitcoin Trust ETF during the 4th quarter worth about $213,000. Finally, North Star Investment Management Corp. boosted its stake in shares of Grayscale Bitcoin Trust ETF by 5.4% during the 1st quarter. North Star Investment Management Corp. now owns 3,789 shares of the company’s stock worth $200,000 after buying an additional 195 shares during the last quarter.

Grayscale Bitcoin Trust ETF Trading Down 0.4%

Shares of Grayscale Bitcoin Trust ETF stock traded down $0.27 during trading hours on Tuesday, reaching $64.13. 703,222 shares of the company’s stock were exchanged, compared to its average volume of 2,919,256. The stock has a market cap of $12.44 billion, a P/E ratio of 2.23 and a beta of 2.19. The company has a 50 day moving average of $56.41 and a two-hundred day moving average of $55.07. Grayscale Bitcoin Trust ETF has a fifty-two week low of $44.98 and a fifty-two week 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.