Grayscale Bitcoin Trust ETF $GBTC Stake Trimmed by EagleClaw Capital Managment LLC

EagleClaw Capital Managment LLC cut its stake in shares of Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 3.9% during the 3rd quarter, Holdings Channel.com reports. The fund owned 344,184 shares of the company’s stock after selling 14,032 shares during the period. Grayscale Bitcoin Trust ETF accounts for about 3.0% of EagleClaw Capital Managment LLC’s portfolio, making the stock its 5th biggest position. EagleClaw Capital Managment LLC’s holdings in Grayscale Bitcoin Trust ETF were worth $22,231,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Moors & Cabot Inc. boosted its holdings in Grayscale Bitcoin Trust ETF by 0.5% during the third quarter. Moors & Cabot Inc. now owns 305,172 shares of the company’s stock worth $19,711,000 after purchasing an additional 1,419 shares during the last quarter. Money Concepts Capital Corp grew its position in Grayscale Bitcoin Trust ETF by 10.3% in the 3rd quarter. Money Concepts Capital Corp now owns 7,155 shares of the company’s stock worth $462,000 after purchasing an additional 670 shares in the last quarter. Allworth Financial LP increased its stake in Grayscale Bitcoin Trust ETF by 12.3% in the 3rd quarter. Allworth Financial LP now owns 4,956 shares of the company’s stock valued at $320,000 after buying an additional 542 shares during the last quarter. Private Advisory Group LLC purchased a new stake in Grayscale Bitcoin Trust ETF in the 3rd quarter valued at about $248,000. Finally, Joel Isaacson & Co. LLC increased its stake in Grayscale Bitcoin Trust ETF by 30.5% in the 3rd quarter. Joel Isaacson & Co. LLC now owns 6,015 shares of the company’s stock valued at $389,000 after buying an additional 1,407 shares during the last quarter.

Grayscale Bitcoin Trust ETF Stock Down 3.5%

Grayscale Bitcoin Trust ETF stock opened at $53.07 on Friday. Grayscale Bitcoin Trust ETF has a 52 week low of $44.98 and a 52 week high of $76.50. The company’s 50 day moving average price is $62.02 and its two-hundred day moving average price is $56.26. The stock has a market cap of $8.56 billion, a P/E ratio of 2.23 and a beta of 2.04.

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.