Grayscale Bitcoin Trust ETF $GBTC Stock Position Trimmed by EagleClaw Capital Managment LLC

EagleClaw Capital Managment LLC trimmed its holdings in Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 2.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 388,961 shares of the company’s stock after selling 10,125 shares during the period. Grayscale Bitcoin Trust ETF accounts for approximately 4.9% of EagleClaw Capital Managment LLC’s holdings, making the stock its 3rd largest holding. EagleClaw Capital Managment LLC’s holdings in Grayscale Bitcoin Trust ETF were worth $32,996,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of GBTC. Atlantic Union Bankshares Corp acquired a new stake in shares of Grayscale Bitcoin Trust ETF in the second quarter worth approximately $42,000. Hurley Capital LLC acquired a new position in Grayscale Bitcoin Trust ETF during the first quarter worth approximately $34,000. First Horizon Advisors Inc. raised its stake in Grayscale Bitcoin Trust ETF by 36.9% during the second quarter. First Horizon Advisors Inc. now owns 575 shares of the company’s stock worth $49,000 after purchasing an additional 155 shares during the period. Flaharty Asset Management LLC acquired a new position in shares of Grayscale Bitcoin Trust ETF in the 1st quarter valued at $39,000. Finally, Atticus Wealth Management LLC grew its stake in shares of Grayscale Bitcoin Trust ETF by 57.3% during the 2nd quarter. Atticus Wealth Management LLC now owns 1,098 shares of the company’s stock valued at $93,000 after buying an additional 400 shares during the period.

Grayscale Bitcoin Trust ETF Trading Down 1.2%

Shares of GBTC opened at $79.49 on Thursday. Grayscale Bitcoin Trust ETF has a twelve month low of $59.79 and a twelve month high of $99.12. The firm has a market capitalization of $19.14 billion, a P/E ratio of 2.23 and a beta of 2.40. The stock’s fifty day simple moving average is $88.01 and its 200 day simple moving average is $86.81.

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.