Sapient Capital LLC reduced its stake in Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC – Free Report) by 74.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,250 shares of the company’s stock after selling 18,237 shares during the quarter. Sapient Capital LLC’s holdings in Grayscale Bitcoin Trust ETF were worth $330,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of GBTC. Garton & Associates Financial Advisors LLC purchased a new position in shares of Grayscale Bitcoin Trust ETF during the 4th quarter worth $27,000. Cary Street Partners Investment Advisory LLC purchased a new stake in shares of Grayscale Bitcoin Trust ETF in the fourth quarter valued at about $30,000. Hollencrest Capital Management grew its holdings in shares of Grayscale Bitcoin Trust ETF by 480.8% in the first quarter. Hollencrest Capital Management now owns 726 shares of the company’s stock valued at $38,000 after purchasing an additional 601 shares during the period. RHL Group LLC acquired a new stake in Grayscale Bitcoin Trust ETF during the fourth quarter worth about $43,000. Finally, Quattro Advisors LLC acquired a new stake in Grayscale Bitcoin Trust ETF during the fourth quarter worth about $52,000.
Grayscale Bitcoin Trust ETF Price Performance
Shares of GBTC stock opened at $49.73 on Wednesday. The firm’s 50-day moving average is $49.70 and its two-hundred day moving average is $55.22. Grayscale Bitcoin Trust ETF has a 12 month low of $44.98 and a 12 month high of $99.12. The company has a market capitalization of $9.65 billion, a PE ratio of 2.23 and a beta of 2.17.
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.
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