Horizon Kinetics Asset Management LLC Sells 1,555,101 Shares of Grayscale Bitcoin Trust ETF $GBTC

Horizon Kinetics Asset Management LLC lowered its holdings in Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 9.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,113,593 shares of the company’s stock after selling 1,555,101 shares during the quarter. Grayscale Bitcoin Trust ETF accounts for 13.0% of Horizon Kinetics Asset Management LLC’s holdings, making the stock its 2nd biggest position. Horizon Kinetics Asset Management LLC owned approximately 0.06% of Grayscale Bitcoin Trust ETF worth $964,805,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Holos Integrated Wealth LLC acquired a new stake in shares of Grayscale Bitcoin Trust ETF in the fourth quarter worth $28,000. Cary Street Partners Investment Advisory LLC acquired a new stake in Grayscale Bitcoin Trust ETF during the fourth quarter valued at $30,000. CoreCap Advisors LLC grew its position in Grayscale Bitcoin Trust ETF by 160.9% during the fourth quarter. CoreCap Advisors LLC now owns 441 shares of the company’s stock valued at $30,000 after buying an additional 272 shares during the period. RHL Group LLC acquired a new stake in Grayscale Bitcoin Trust ETF during the fourth quarter valued at $43,000. Finally, Abich Financial Wealth Management LLC acquired a new stake in Grayscale Bitcoin Trust ETF during the third quarter valued at $65,000.

Grayscale Bitcoin Trust ETF Stock Performance

GBTC stock opened at $48.14 on Wednesday. The firm has a market cap of $11.59 billion, a PE ratio of 2.23 and a beta of 2.15. The firm’s fifty day moving average is $57.45 and its 200 day moving average is $61.11. Grayscale Bitcoin Trust ETF has a one year low of $45.88 and a one year high of $99.12.

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.