CENTRAL TRUST Co Sells 1,244 Shares of Grayscale Bitcoin Trust ETF $GBTC

CENTRAL TRUST Co lessened its holdings in shares of Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 23.7% during the second quarter, HoldingsChannel.com reports. The firm owned 4,010 shares of the company’s stock after selling 1,244 shares during the quarter. CENTRAL TRUST Co’s holdings in Grayscale Bitcoin Trust ETF were worth $340,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GBTC. Palacios Wealth Management LLC bought a new stake in shares of Grayscale Bitcoin Trust ETF in the first quarter valued at approximately $65,170,000. DRW Securities LLC raised its holdings in Grayscale Bitcoin Trust ETF by 849.0% in the 1st quarter. DRW Securities LLC now owns 370,589 shares of the company’s stock valued at $24,151,000 after acquiring an additional 331,538 shares in the last quarter. Cresset Asset Management LLC raised its holdings in Grayscale Bitcoin Trust ETF by 27.0% in the 1st quarter. Cresset Asset Management LLC now owns 299,976 shares of the company’s stock valued at $19,549,000 after acquiring an additional 63,749 shares in the last quarter. Commonwealth Equity Services LLC lifted its position in shares of Grayscale Bitcoin Trust ETF by 3.1% during the 1st quarter. Commonwealth Equity Services LLC now owns 256,572 shares of the company’s stock valued at $16,721,000 after acquiring an additional 7,752 shares during the period. Finally, Foundations Investment Advisors LLC lifted its position in shares of Grayscale Bitcoin Trust ETF by 0.4% during the 1st quarter. Foundations Investment Advisors LLC now owns 144,456 shares of the company’s stock valued at $9,414,000 after acquiring an additional 621 shares during the period.

Grayscale Bitcoin Trust ETF Stock Performance

GBTC opened at $76.68 on Friday. Grayscale Bitcoin Trust ETF has a 52-week low of $59.79 and a 52-week high of $99.12. The firm has a market cap of $18.46 billion, a P/E ratio of 2.23 and a beta of 2.40. The business’s fifty day moving average is $87.82 and its 200-day moving average is $86.74.

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.