Clear Creek Financial Management LLC Sells 130 Shares of Grayscale Bitcoin Trust ETF $GBTC

Clear Creek Financial Management LLC lessened its position in Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 3.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,561 shares of the company’s stock after selling 130 shares during the quarter. Clear Creek Financial Management LLC’s holdings in Grayscale Bitcoin Trust ETF were worth $302,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of GBTC. Palacios Wealth Management LLC bought a new position in Grayscale Bitcoin Trust ETF in the 1st quarter worth $65,170,000. DRW Securities LLC raised its position in shares of 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 last quarter. SCS Capital Management LLC acquired a new position in shares of Grayscale Bitcoin Trust ETF during the first quarter valued at about $4,950,000. Cresset Asset Management LLC raised its position in shares of 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 last quarter. Finally, Ethos Financial Group LLC acquired a new position in shares of Grayscale Bitcoin Trust ETF during the first quarter valued at about $3,468,000.

Grayscale Bitcoin Trust ETF Stock Performance

Shares of GBTC opened at $91.42 on Friday. The company has a 50-day simple moving average of $90.41 and a 200-day simple moving average of $83.84. The firm has a market capitalization of $22.01 billion, a P/E ratio of 2.23 and a beta of 2.47. Grayscale Bitcoin Trust ETF has a 52 week low of $48.86 and a 52 week 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.