Grayscale Bitcoin Trust ETF $GBTC Shares Sold by SLT Holdings LLC

SLT Holdings LLC cut its holdings in Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 14.0% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 118,492 shares of the company’s stock after selling 19,346 shares during the period. Grayscale Bitcoin Trust ETF makes up about 7.7% of SLT Holdings LLC’s portfolio, making the stock its 3rd largest holding. SLT Holdings LLC’s holdings in Grayscale Bitcoin Trust ETF were worth $10,052,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Palacios Wealth Management LLC acquired a new position in Grayscale Bitcoin Trust ETF in the first quarter valued at approximately $65,170,000. DRW Securities LLC boosted its stake in 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 acquiring an additional 331,538 shares during the period. SCS Capital Management LLC acquired a new position in Grayscale Bitcoin Trust ETF during the 1st quarter valued at approximately $4,950,000. Cresset Asset Management LLC boosted its position in Grayscale Bitcoin Trust ETF by 27.0% during the 1st quarter. Cresset Asset Management LLC now owns 299,976 shares of the company’s stock valued at $19,549,000 after purchasing an additional 63,749 shares during the period. Finally, Ethos Financial Group LLC acquired a new position in Grayscale Bitcoin Trust ETF during the 1st quarter valued at approximately $3,468,000.

Grayscale Bitcoin Trust ETF Price Performance

NYSEARCA:GBTC opened at $91.42 on Friday. Grayscale Bitcoin Trust ETF has a 12-month low of $48.86 and a 12-month high of $99.12. The firm has a market capitalization of $22.01 billion, a P/E ratio of 2.23 and a beta of 2.47. The business has a 50 day simple moving average of $90.41 and a 200 day simple moving average of $83.73.

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.