SJS Investment Consulting Inc. Cuts Holdings in Grayscale Bitcoin Trust ETF $GBTC

SJS Investment Consulting Inc. lowered its position in Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 63.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,946 shares of the company’s stock after selling 17,632 shares during the period. SJS Investment Consulting Inc.’s holdings in Grayscale Bitcoin Trust ETF were worth $525,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Flagstar Advisors Inc. grew its position in shares of Grayscale Bitcoin Trust ETF by 26.0% during the 1st quarter. Flagstar Advisors Inc. now owns 4,099 shares of the company’s stock valued at $216,000 after acquiring an additional 845 shares during the period. North Star Investment Management Corp. raised its position in Grayscale Bitcoin Trust ETF by 5.4% during the first quarter. North Star Investment Management Corp. now owns 3,789 shares of the company’s stock worth $200,000 after acquiring an additional 195 shares during the period. Fiduciary Alliance LLC raised its position in shares of Grayscale Bitcoin Trust ETF by 8.8% during the 1st quarter. Fiduciary Alliance LLC now owns 146,098 shares of the company’s stock worth $8,528,000 after purchasing an additional 11,845 shares during the last quarter. Apella Capital LLC purchased a new position in shares of Grayscale Bitcoin Trust ETF in the first quarter valued at approximately $458,000. Finally, Brave Asset Management Inc. increased its position in shares of Grayscale Bitcoin Trust ETF by 123.7% during the first quarter. Brave Asset Management Inc. now owns 9,561 shares of the company’s stock worth $504,000 after purchasing an additional 5,287 shares in the last quarter.

Grayscale Bitcoin Trust ETF Trading Up 1.1%

NYSEARCA:GBTC opened at $46.77 on Tuesday. The company’s 50-day moving average price is $55.65 and its 200-day moving average price is $59.00. The company has a market cap of $11.26 billion, a P/E ratio of 2.23 and a beta of 2.15. Grayscale Bitcoin Trust ETF has a twelve month low of $44.98 and a twelve month high of $99.12.

Grayscale Bitcoin Trust ETF 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.