CMG Global Holdings LLC Sells 1,500 Shares of Grayscale Bitcoin Trust ETF $GBTC

CMG Global Holdings LLC trimmed its holdings in Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 26.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,092 shares of the company’s stock after selling 1,500 shares during the period. CMG Global Holdings LLC’s holdings in Grayscale Bitcoin Trust ETF were worth $380,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in GBTC. Palacios Wealth Management LLC bought a new position in shares of Grayscale Bitcoin Trust ETF in the first quarter valued at $65,170,000. DRW Securities LLC lifted its stake in shares of Grayscale Bitcoin Trust ETF by 849.0% in the first quarter. DRW Securities LLC now owns 370,589 shares of the company’s stock valued at $24,151,000 after buying an additional 331,538 shares in the last quarter. SCS Capital Management LLC bought a new position in shares of Grayscale Bitcoin Trust ETF in the first quarter valued at $4,950,000. Cresset Asset Management LLC lifted its stake in shares of Grayscale Bitcoin Trust ETF by 27.0% in the first quarter. Cresset Asset Management LLC now owns 299,976 shares of the company’s stock valued at $19,549,000 after buying an additional 63,749 shares in the last quarter. Finally, Ethos Financial Group LLC bought a new position in shares of Grayscale Bitcoin Trust ETF in the first quarter valued at $3,468,000.

Grayscale Bitcoin Trust ETF Trading Down 1.6%

Grayscale Bitcoin Trust ETF stock opened at $83.46 on Monday. Grayscale Bitcoin Trust ETF has a 1-year low of $51.83 and a 1-year high of $99.12. The firm has a market capitalization of $20.09 billion, a price-to-earnings ratio of 2.23 and a beta of 2.47. The firm’s fifty day moving average price is $90.01 and its two-hundred day moving average price is $84.66.

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.