Mad River Investors Sells 11,427 Shares of Grayscale Bitcoin Trust ETF $GBTC

Mad River Investors cut its stake in Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 3.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 360,954 shares of the company’s stock after selling 11,427 shares during the period. Grayscale Bitcoin Trust ETF comprises about 13.9% of Mad River Investors’ holdings, making the stock its 2nd largest holding. Mad River Investors owned about 0.15% of Grayscale Bitcoin Trust ETF worth $32,403,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. U.S. Capital Wealth Advisors LLC raised its position in Grayscale Bitcoin Trust ETF by 15.1% in the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 23,719 shares of the company’s stock valued at $2,129,000 after purchasing an additional 3,117 shares in the last quarter. Dynamic Advisor Solutions LLC increased its stake in shares of Grayscale Bitcoin Trust ETF by 74.8% during the third quarter. Dynamic Advisor Solutions LLC now owns 9,753 shares of the company’s stock worth $876,000 after buying an additional 4,172 shares during the period. Fiduciary Alliance LLC raised its holdings in Grayscale Bitcoin Trust ETF by 1.0% in the third quarter. Fiduciary Alliance LLC now owns 130,032 shares of the company’s stock valued at $11,673,000 after acquiring an additional 1,225 shares in the last quarter. Corient Private Wealth LLC lifted its stake in Grayscale Bitcoin Trust ETF by 203.6% in the second quarter. Corient Private Wealth LLC now owns 49,653 shares of the company’s stock worth $4,212,000 after acquiring an additional 33,299 shares during the last quarter. Finally, Canal Capital Management LLC acquired a new position in shares of Grayscale Bitcoin Trust ETF during the second quarter worth $217,000.

Grayscale Bitcoin Trust ETF Price Performance

Grayscale Bitcoin Trust ETF stock opened at $68.84 on Monday. The stock’s fifty day moving average is $76.93 and its two-hundred day moving average is $84.80. The stock has a market cap of $16.57 billion, a PE ratio of 2.23 and a beta of 2.40. Grayscale Bitcoin Trust ETF has a 1-year low of $59.79 and a 1-year 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.