Blair William & Co. IL Sells 466 Shares of Grayscale Bitcoin Trust ETF $GBTC

Blair William & Co. IL decreased its stake in shares of Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 0.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 107,600 shares of the company’s stock after selling 466 shares during the period. Blair William & Co. IL’s holdings in Grayscale Bitcoin Trust ETF were worth $9,128,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of GBTC. First Horizon Advisors Inc. raised its stake in Grayscale Bitcoin Trust ETF by 90.9% in the 1st quarter. First Horizon Advisors Inc. now owns 420 shares of the company’s stock worth $27,000 after purchasing an additional 200 shares in the last quarter. Hurley Capital LLC acquired a new stake in Grayscale Bitcoin Trust ETF in the 1st quarter worth about $34,000. Flaharty Asset Management LLC acquired a new stake in Grayscale Bitcoin Trust ETF in the 1st quarter worth about $39,000. Cornerstone Planning Group LLC raised its stake in Grayscale Bitcoin Trust ETF by 600.0% in the 1st quarter. Cornerstone Planning Group LLC now owns 875 shares of the company’s stock worth $57,000 after purchasing an additional 750 shares in the last quarter. Finally, Headlands Technologies LLC raised its stake in Grayscale Bitcoin Trust ETF by 227.0% in the 1st quarter. Headlands Technologies LLC now owns 1,128 shares of the company’s stock worth $74,000 after purchasing an additional 783 shares in the last quarter.

Grayscale Bitcoin Trust ETF Trading Down 3.7%

Shares of NYSEARCA:GBTC opened at $91.42 on Friday. The firm has a 50 day moving average of $90.41 and a 200-day moving average of $83.84. The stock has a market capitalization of $22.01 billion, a PE ratio of 2.23 and a beta of 2.47. Grayscale Bitcoin Trust ETF has a 12 month low of $48.86 and a 12 month high of $99.12.

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.