Horizon Kinetics Asset Management LLC Sells 1,555,101 Shares of Grayscale Bitcoin Trust ETF $GBTC

Horizon Kinetics Asset Management LLC decreased its stake in shares of Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 9.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,113,593 shares of the company’s stock after selling 1,555,101 shares during the quarter. Grayscale Bitcoin Trust ETF comprises 13.0% of Horizon Kinetics Asset Management LLC’s holdings, making the stock its 2nd biggest position. Horizon Kinetics Asset Management LLC owned approximately 5.86% of Grayscale Bitcoin Trust ETF worth $964,805,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of GBTC. Holos Integrated Wealth LLC acquired a new position in Grayscale Bitcoin Trust ETF during the 4th quarter valued at approximately $28,000. CoreCap Advisors LLC increased its stake in Grayscale Bitcoin Trust ETF by 160.9% during the 4th quarter. CoreCap Advisors LLC now owns 441 shares of the company’s stock valued at $30,000 after purchasing an additional 272 shares in the last quarter. Cary Street Partners Investment Advisory LLC acquired a new position in Grayscale Bitcoin Trust ETF during the 4th quarter valued at approximately $30,000. RHL Group LLC acquired a new position in Grayscale Bitcoin Trust ETF during the 4th quarter valued at approximately $43,000. Finally, Key Capital Management INC acquired a new stake in shares of Grayscale Bitcoin Trust ETF in the fourth quarter worth $59,000.

Grayscale Bitcoin Trust ETF Price Performance

NYSEARCA:GBTC opened at $48.14 on Wednesday. The firm has a market capitalization of $11.59 billion, a P/E ratio of 2.23 and a beta of 2.15. Grayscale Bitcoin Trust ETF has a 1-year low of $45.88 and a 1-year high of $99.12. The company’s fifty day moving average price is $57.45 and its 200-day moving average price is $61.11.

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.