Renaissance Technologies LLC Sells 59,150 Shares of Grayscale Bitcoin Trust ETF $GBTC

Renaissance Technologies LLC lessened its position in shares of Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 49.3% in the first quarter, according to its most recent filing with the SEC. The firm owned 60,950 shares of the company’s stock after selling 59,150 shares during the quarter. Renaissance Technologies LLC’s holdings in Grayscale Bitcoin Trust ETF were worth $3,216,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Garton & Associates Financial Advisors LLC acquired a new position in shares of Grayscale Bitcoin Trust ETF in the 4th quarter worth approximately $27,000. Cary Street Partners Investment Advisory LLC acquired a new stake in shares of Grayscale Bitcoin Trust ETF during the fourth quarter worth $30,000. Hollencrest Capital Management raised its stake in Grayscale Bitcoin Trust ETF by 480.8% during the first quarter. Hollencrest Capital Management now owns 726 shares of the company’s stock worth $38,000 after buying an additional 601 shares during the last quarter. RHL Group LLC bought a new position in Grayscale Bitcoin Trust ETF during the fourth quarter worth $43,000. Finally, Quattro Advisors LLC acquired a new position in Grayscale Bitcoin Trust ETF in the fourth quarter valued at $52,000.

Grayscale Bitcoin Trust ETF Trading Up 0.8%

Shares of GBTC opened at $50.30 on Friday. The stock has a market capitalization of $9.76 billion, a P/E ratio of 2.23 and a beta of 2.17. The firm’s fifty day simple moving average is $49.27 and its two-hundred day simple moving average is $54.84. Grayscale Bitcoin Trust ETF has a 12 month low of $44.98 and a 12 month 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.