Grayscale Bitcoin Trust ETF $GBTC Shares Sold by SJS Investment Consulting Inc.

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

Several other institutional investors have also recently made changes to their positions in GBTC. Garton & Associates Financial Advisors LLC purchased a new stake in Grayscale Bitcoin Trust ETF in the fourth quarter valued at $27,000. Holos Integrated Wealth LLC purchased a new stake in shares of Grayscale Bitcoin Trust ETF in the fourth quarter worth about $28,000. CoreCap Advisors LLC boosted its stake in shares of Grayscale Bitcoin Trust ETF by 160.9% in the fourth quarter. CoreCap Advisors LLC now owns 441 shares of the company’s stock worth $30,000 after buying an additional 272 shares during the last quarter. Cary Street Partners Investment Advisory LLC acquired a new stake in Grayscale Bitcoin Trust ETF during the fourth quarter worth about $30,000. Finally, RHL Group LLC acquired a new stake in Grayscale Bitcoin Trust ETF during the fourth quarter worth about $43,000.

Grayscale Bitcoin Trust ETF Trading Up 1.1%

Shares of GBTC stock opened at $46.77 on Tuesday. The stock has a 50 day moving average of $55.65 and a 200 day moving average of $59.00. The stock 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 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.