Grayscale Bitcoin Trust ETF $GBTC Shares Sold by Mainstay Capital Management LLC ADV

Mainstay Capital Management LLC ADV decreased its stake in Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 50.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,048 shares of the company’s stock after selling 24,048 shares during the period. Mainstay Capital Management LLC ADV’s holdings in Grayscale Bitcoin Trust ETF were worth $2,159,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Allworth Financial LP lifted its position in Grayscale Bitcoin Trust ETF by 15.1% during the 3rd quarter. Allworth Financial LP now owns 5,309 shares of the company’s stock worth $477,000 after acquiring an additional 698 shares in the last quarter. IFP Advisors Inc boosted its holdings in Grayscale Bitcoin Trust ETF by 11.8% in the 3rd quarter. IFP Advisors Inc now owns 4,813 shares of the company’s stock worth $432,000 after acquiring an additional 508 shares during the period. KERR FINANCIAL PLANNING Corp acquired a new stake in Grayscale Bitcoin Trust ETF in the third quarter valued at approximately $134,000. CIBC Private Wealth Group LLC grew its position in Grayscale Bitcoin Trust ETF by 0.9% in the third quarter. CIBC Private Wealth Group LLC now owns 24,781 shares of the company’s stock valued at $2,225,000 after acquiring an additional 229 shares in the last quarter. Finally, CIBC Bancorp USA Inc. purchased a new stake in shares of Grayscale Bitcoin Trust ETF during the third quarter valued at approximately $2,857,000.

Grayscale Bitcoin Trust ETF Trading Down 4.7%

NYSEARCA GBTC opened at $55.34 on Thursday. The company’s fifty day simple moving average is $59.83 and its 200-day simple moving average is $73.10. Grayscale Bitcoin Trust ETF has a 52 week low of $48.56 and a 52 week high of $99.12. The stock has a market cap of $13.32 billion, a P/E ratio of 2.23 and a beta of 2.40.

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.