Cetera Investment Advisers Sells 10,499 Shares of Grayscale Bitcoin Trust ETF $GBTC

Cetera Investment Advisers lessened its holdings in shares of Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 5.7% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 174,477 shares of the company’s stock after selling 10,499 shares during the period. Cetera Investment Advisers’ holdings in Grayscale Bitcoin Trust ETF were worth $9,205,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. DRW Securities LLC raised its holdings in shares of Grayscale Bitcoin Trust ETF by 1,210.6% in the fourth quarter. DRW Securities LLC now owns 232,691 shares of the company’s stock valued at $15,907,000 after buying an additional 214,937 shares during the last quarter. Focus Partners Wealth grew its holdings in Grayscale Bitcoin Trust ETF by 10.5% during the 4th quarter. Focus Partners Wealth now owns 221,130 shares of the company’s stock worth $15,116,000 after acquiring an additional 20,951 shares during the last quarter. Mariner LLC increased its position in Grayscale Bitcoin Trust ETF by 1.2% in the 4th quarter. Mariner LLC now owns 173,207 shares of the company’s stock valued at $11,840,000 after acquiring an additional 2,088 shares in the last quarter. Fiduciary Alliance LLC increased its position in Grayscale Bitcoin Trust ETF by 8.8% in the 1st quarter. Fiduciary Alliance LLC now owns 146,098 shares of the company’s stock valued at $8,528,000 after acquiring an additional 11,845 shares in the last quarter. Finally, Creative Planning increased its position in Grayscale Bitcoin Trust ETF by 40.5% in the 3rd quarter. Creative Planning now owns 135,202 shares of the company’s stock valued at $12,137,000 after acquiring an additional 38,955 shares in the last quarter.

Grayscale Bitcoin Trust ETF Trading Down 2.9%

Shares of NYSEARCA GBTC opened at $48.73 on Friday. Grayscale Bitcoin Trust ETF has a 1-year low of $44.98 and a 1-year high of $99.12. The company has a 50-day moving average of $50.08 and a two-hundred day moving average of $55.69. The company has a market cap of $9.45 billion, a PE ratio of 2.23 and a beta of 2.19.

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.