MGO One Seven LLC Reduces Stake in Grayscale Bitcoin Trust ETF $GBTC

MGO One Seven LLC lowered its position in Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 1.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 35,668 shares of the company’s stock after selling 402 shares during the period. MGO One Seven LLC’s holdings in Grayscale Bitcoin Trust ETF were worth $3,026,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. Palacios Wealth Management LLC purchased a new stake in Grayscale Bitcoin Trust ETF in the first quarter valued at approximately $65,170,000. DRW Securities LLC increased its holdings in shares of Grayscale Bitcoin Trust ETF by 849.0% during the 1st quarter. DRW Securities LLC now owns 370,589 shares of the company’s stock valued at $24,151,000 after purchasing an additional 331,538 shares in the last quarter. Cresset Asset Management LLC increased its holdings in shares of 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 in the last quarter. Kingswood Wealth Advisors LLC increased its holdings in shares of Grayscale Bitcoin Trust ETF by 0.7% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 287,024 shares of the company’s stock valued at $18,707,000 after purchasing an additional 1,957 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its holdings in shares of Grayscale Bitcoin Trust ETF by 3.1% during the 1st quarter. Commonwealth Equity Services LLC now owns 256,572 shares of the company’s stock valued at $16,721,000 after purchasing an additional 7,752 shares in the last quarter.

Grayscale Bitcoin Trust ETF Price Performance

NYSEARCA:GBTC opened at $88.29 on Wednesday. The firm has a market cap of $21.26 billion, a price-to-earnings ratio of 2.23 and a beta of 2.47. The company has a 50 day moving average price of $90.40 and a 200-day moving average price of $84.14. Grayscale Bitcoin Trust ETF has a 1-year low of $51.58 and a 1-year high of $99.12.

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.