Grayscale Bitcoin Trust ETF $GBTC is One Charles Private Wealth Services LLC’s 10th Largest Position

One Charles Private Wealth Services LLC cut its holdings in Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 6.2% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 259,750 shares of the company’s stock after selling 17,242 shares during the quarter. Grayscale Bitcoin Trust ETF makes up about 2.7% of One Charles Private Wealth Services LLC’s investment portfolio, making the stock its 10th largest position. One Charles Private Wealth Services LLC’s holdings in Grayscale Bitcoin Trust ETF were worth $11,824,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Grayscale Bitcoin Trust ETF in the first quarter valued at about $218,000. Northwestern Mutual Wealth Management Co. lifted its stake in Grayscale Bitcoin Trust ETF by 63.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,156 shares of the company’s stock valued at $183,000 after buying an additional 838 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in Grayscale Bitcoin Trust ETF by 431.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,010 shares of the company’s stock valued at $86,000 after buying an additional 820 shares during the last quarter. NewEdge Advisors LLC raised its holdings in shares of Grayscale Bitcoin Trust ETF by 7.6% in the second quarter. NewEdge Advisors LLC now owns 53,577 shares of the company’s stock worth $4,545,000 after acquiring an additional 3,795 shares during the last quarter. Finally, Ieq Capital LLC boosted its stake in shares of Grayscale Bitcoin Trust ETF by 400.6% during the second quarter. Ieq Capital LLC now owns 113,310 shares of the company’s stock valued at $9,612,000 after acquiring an additional 90,675 shares during the last quarter.

Grayscale Bitcoin Trust ETF Trading Down 1.7%

Grayscale Bitcoin Trust ETF stock opened at $60.65 on Wednesday. The stock has a market cap of $11.76 billion, a PE ratio of 2.23 and a beta of 2.19. The stock has a 50-day moving average price of $52.65 and a 200 day moving average price of $54.15. Grayscale Bitcoin Trust ETF has a 52 week low of $44.98 and a 52 week 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.