Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) Shares Sold by SJS Investment Consulting Inc.

SJS Investment Consulting Inc. cut its position in Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 52.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,565 shares of the company’s stock after selling 30,000 shares during the quarter. Grayscale Bitcoin Trust ETF accounts for 0.3% of SJS Investment Consulting Inc.’s portfolio, making the stock its 29th largest position. SJS Investment Consulting Inc.’s holdings in Grayscale Bitcoin Trust ETF were worth $1,796,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Synergy Investment Management LLC purchased a new position in Grayscale Bitcoin Trust ETF in the 4th quarter valued at about $30,000. Activest Wealth Management grew its stake in Grayscale Bitcoin Trust ETF by 53.0% during the 4th quarter. Activest Wealth Management now owns 404 shares of the company’s stock valued at $30,000 after purchasing an additional 140 shares in the last quarter. Pacific Center for Financial Services acquired a new stake in Grayscale Bitcoin Trust ETF during the 4th quarter valued at approximately $31,000. Measured Risk Portfolios Inc. purchased a new stake in Grayscale Bitcoin Trust ETF during the 4th quarter worth approximately $32,000. Finally, Capital A Wealth Management LLC acquired a new position in shares of Grayscale Bitcoin Trust ETF in the 4th quarter valued at approximately $35,000.

Grayscale Bitcoin Trust ETF Trading Up 4.2%

Grayscale Bitcoin Trust ETF stock opened at $85.67 on Tuesday. Grayscale Bitcoin Trust ETF has a 52 week low of $39.56 and a 52 week high of $88.36. The stock has a market cap of $20.40 billion, a P/E ratio of 2.23 and a beta of 2.51. The stock has a 50 day moving average of $75.80 and a 200-day moving average of $75.18.

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.