IMC Chicago LLC Sells 336,100 Shares of Grayscale Bitcoin Trust ETF $GBTC

IMC Chicago LLC cut its holdings in Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 61.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 208,201 shares of the company’s stock after selling 336,100 shares during the period. IMC Chicago LLC owned approximately 0.09% of Grayscale Bitcoin Trust ETF worth $18,690,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GBTC. Root Financial Partners LLC bought a new stake in Grayscale Bitcoin Trust ETF during the 3rd quarter valued at $29,000. Elevation Point Wealth Partners LLC acquired a new position in shares of Grayscale Bitcoin Trust ETF during the second quarter valued at about $33,000. Westfuller Advisors LLC bought a new stake in shares of Grayscale Bitcoin Trust ETF during the third quarter worth about $38,000. Atlantic Union Bankshares Corp bought a new stake in shares of Grayscale Bitcoin Trust ETF during the second quarter worth about $42,000. Finally, First Horizon Advisors Inc. raised its holdings in shares of Grayscale Bitcoin Trust ETF by 36.9% in the 2nd quarter. First Horizon Advisors Inc. now owns 575 shares of the company’s stock worth $49,000 after acquiring an additional 155 shares during the last quarter.

Grayscale Bitcoin Trust ETF Stock Performance

Shares of NYSEARCA GBTC opened at $60.82 on Tuesday. The stock has a market cap of $14.64 billion, a price-to-earnings ratio of 2.23 and a beta of 2.40. Grayscale Bitcoin Trust ETF has a fifty-two week low of $59.79 and a fifty-two week high of $99.12. The firm’s 50-day simple moving average is $69.95 and its 200 day simple moving average is $81.34.

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.