Fielder Capital Group LLC Sells 188 Shares of Grayscale Bitcoin Trust ETF $GBTC

Fielder Capital Group LLC cut its stake in shares of Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 0.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 125,287 shares of the company’s stock after selling 188 shares during the period. Grayscale Bitcoin Trust ETF makes up about 2.8% of Fielder Capital Group LLC’s holdings, making the stock its 9th biggest position. Fielder Capital Group LLC owned 0.05% of Grayscale Bitcoin Trust ETF worth $10,628,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of GBTC. Palacios Wealth Management LLC acquired a new stake in shares of Grayscale Bitcoin Trust ETF during the first quarter worth $65,170,000. DRW Securities LLC raised its position in Grayscale Bitcoin Trust ETF by 849.0% during the first quarter. DRW Securities LLC now owns 370,589 shares of the company’s stock valued at $24,151,000 after buying an additional 331,538 shares during the period. SCS Capital Management LLC acquired a new position in Grayscale Bitcoin Trust ETF during the first quarter valued at $4,950,000. Cresset Asset Management LLC raised its position in Grayscale Bitcoin Trust ETF by 27.0% during the first quarter. Cresset Asset Management LLC now owns 299,976 shares of the company’s stock valued at $19,549,000 after buying an additional 63,749 shares during the period. Finally, Ethos Financial Group LLC acquired a new position in Grayscale Bitcoin Trust ETF during the first quarter valued at $3,468,000.

Grayscale Bitcoin Trust ETF Trading Up 0.3%

NYSEARCA:GBTC opened at $86.69 on Friday. The firm has a market capitalization of $20.87 billion, a price-to-earnings ratio of 2.23 and a beta of 2.47. Grayscale Bitcoin Trust ETF has a 1-year low of $52.37 and a 1-year high of $99.12. The business’s fifty day moving average price is $89.28 and its 200 day moving average price is $85.17.

Grayscale Bitcoin Trust ETF Company 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.