Grayscale Bitcoin Trust ETF $GBTC is Atlas Wealth Partners LLC’s 3rd Largest Position

Atlas Wealth Partners LLC lowered its stake in Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 3.2% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 147,923 shares of the company’s stock after selling 4,945 shares during the period. Grayscale Bitcoin Trust ETF accounts for about 14.5% of Atlas Wealth Partners LLC’s holdings, making the stock its 3rd largest holding. Atlas Wealth Partners LLC owned 0.06% of Grayscale Bitcoin Trust ETF worth $12,548,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. W.G. Shaheen & Associates DBA Whitney & Co purchased a new stake in Grayscale Bitcoin Trust ETF during the 2nd quarter valued at $212,000. AlphaStar Capital Management LLC purchased a new position in Grayscale Bitcoin Trust ETF during the second quarter valued at $488,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in Grayscale Bitcoin Trust ETF during the second quarter valued at $206,000. Amplius Wealth Advisors LLC purchased a new position in shares of Grayscale Bitcoin Trust ETF in the second quarter valued at about $215,000. Finally, Heritage Investors Management Corp purchased a new position in shares of Grayscale Bitcoin Trust ETF in the second quarter valued at about $204,000.

Grayscale Bitcoin Trust ETF Trading Down 5.5%

NYSEARCA:GBTC opened at $78.87 on Wednesday. The company has a market capitalization of $18.99 billion, a P/E ratio of 2.23 and a beta of 2.40. Grayscale Bitcoin Trust ETF has a 12 month low of $54.64 and a 12 month high of $99.12. The business’s 50-day moving average is $88.74 and its 200 day moving average is $86.57.

About Grayscale Bitcoin Trust ETF

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.