Wealthfront Advisers LLC Has $24.25 Million Holdings in Grayscale Bitcoin Trust ETF $GBTC

Wealthfront Advisers LLC reduced its holdings in Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 5.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 354,702 shares of the company’s stock after selling 18,728 shares during the quarter. Wealthfront Advisers LLC’s holdings in Grayscale Bitcoin Trust ETF were worth $24,247,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Holos Integrated Wealth LLC acquired a new position in shares of Grayscale Bitcoin Trust ETF in the 4th quarter worth approximately $28,000. Root Financial Partners LLC acquired a new position in shares of Grayscale Bitcoin Trust ETF in the 3rd quarter worth approximately $29,000. CoreCap Advisors LLC boosted its holdings in shares of Grayscale Bitcoin Trust ETF by 160.9% in the 4th quarter. CoreCap Advisors LLC now owns 441 shares of the company’s stock worth $30,000 after acquiring an additional 272 shares in the last quarter. Strengthening Families & Communities LLC acquired a new position in shares of Grayscale Bitcoin Trust ETF in the 3rd quarter worth approximately $33,000. Finally, Westfuller Advisors LLC bought a new position in Grayscale Bitcoin Trust ETF in the 3rd quarter worth approximately $38,000.

Grayscale Bitcoin Trust ETF Price Performance

GBTC stock opened at $59.77 on Tuesday. The company has a 50 day moving average price of $55.08 and a 200 day moving average price of $66.20. Grayscale Bitcoin Trust ETF has a fifty-two week low of $48.56 and a fifty-two week high of $99.12. The stock has a market capitalization of $14.39 billion, a PE ratio of 2.23 and a beta of 2.24.

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.