Wealthfront Advisers LLC Has $18 Million Stock Position in Grayscale Bitcoin Trust ETF $GBTC

Wealthfront Advisers LLC reduced its holdings in shares of Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 3.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 341,133 shares of the company’s stock after selling 13,569 shares during the quarter. Wealthfront Advisers LLC owned 0.14% of Grayscale Bitcoin Trust ETF worth $17,998,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. DRW Securities LLC grew its position in Grayscale Bitcoin Trust ETF by 1,210.6% in the fourth quarter. DRW Securities LLC now owns 232,691 shares of the company’s stock valued at $15,907,000 after acquiring an additional 214,937 shares during the last quarter. Focus Partners Wealth lifted its holdings in shares of Grayscale Bitcoin Trust ETF by 10.5% in the fourth quarter. Focus Partners Wealth now owns 221,130 shares of the company’s stock worth $15,116,000 after acquiring an additional 20,951 shares during the last quarter. Cetera Investment Advisers boosted its stake in shares of Grayscale Bitcoin Trust ETF by 250.6% in the 4th quarter. Cetera Investment Advisers now owns 184,976 shares of the company’s stock valued at $12,645,000 after purchasing an additional 132,219 shares in the last quarter. Mariner LLC boosted its stake in shares of Grayscale Bitcoin Trust ETF by 1.2% in the 4th quarter. Mariner LLC now owns 173,207 shares of the company’s stock valued at $11,840,000 after purchasing an additional 2,088 shares in the last quarter. Finally, Fiduciary Alliance LLC grew its holdings in shares of Grayscale Bitcoin Trust ETF by 8.8% during the 1st quarter. Fiduciary Alliance LLC now owns 146,098 shares of the company’s stock valued at $8,528,000 after purchasing an additional 11,845 shares during the last quarter.

Grayscale Bitcoin Trust ETF Trading Down 1.1%

Shares of Grayscale Bitcoin Trust ETF stock opened at $49.78 on Friday. The firm’s 50 day moving average is $52.55 and its 200 day moving average is $57.14. The firm has a market capitalization of $9.66 billion, a PE ratio of 2.23 and a beta of 2.19. Grayscale Bitcoin Trust ETF has a 1 year low of $44.98 and a 1 year high of $99.12.

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.