Grayscale Bitcoin Trust ETF $GBTC is Mad River Investors’ 2nd Largest Position

Mad River Investors lessened its stake in Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 3.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 360,954 shares of the company’s stock after selling 11,427 shares during the period. Grayscale Bitcoin Trust ETF accounts for approximately 13.9% of Mad River Investors’ portfolio, making the stock its 2nd largest position. Mad River Investors’ holdings in Grayscale Bitcoin Trust ETF were worth $32,403,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. DRW Securities LLC lifted its holdings in shares of 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 purchasing an additional 331,538 shares during the last quarter. Fiduciary Alliance LLC increased its position in Grayscale Bitcoin Trust ETF by 1.0% during the third quarter. Fiduciary Alliance LLC now owns 130,032 shares of the company’s stock worth $11,673,000 after buying an additional 1,225 shares during the period. Ieq Capital LLC lifted its stake in Grayscale Bitcoin Trust ETF by 400.6% in the second quarter. Ieq Capital LLC now owns 113,310 shares of the company’s stock valued at $9,612,000 after buying an additional 90,675 shares during the last quarter. ICONIQ Capital LLC boosted its holdings in shares of Grayscale Bitcoin Trust ETF by 30.3% in the second quarter. ICONIQ Capital LLC now owns 101,575 shares of the company’s stock valued at $8,617,000 after acquiring an additional 23,643 shares during the period. Finally, Creative Planning grew its position in shares of Grayscale Bitcoin Trust ETF by 8.9% during the second quarter. Creative Planning now owns 96,247 shares of the company’s stock worth $8,165,000 after acquiring an additional 7,844 shares during the last quarter.

Grayscale Bitcoin Trust ETF Price Performance

GBTC stock opened at $68.84 on Monday. The company has a market cap of $16.57 billion, a price-to-earnings ratio of 2.23 and a beta of 2.40. The company has a fifty day moving average price of $76.93 and a 200 day moving average price of $84.80. Grayscale Bitcoin Trust ETF has a 12 month low of $59.79 and a 12 month high of $99.12.

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.