Integrated Advisors Network LLC Sells 567 Shares of Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC)

Integrated Advisors Network LLC cut its holdings in shares of Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 1.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,575 shares of the company’s stock after selling 567 shares during the quarter. Integrated Advisors Network LLC’s holdings in Grayscale Bitcoin Trust ETF were worth $2,058,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in GBTC. Synergy Investment Management LLC bought a new stake in Grayscale Bitcoin Trust ETF during the fourth quarter worth approximately $30,000. Pacific Center for Financial Services bought a new stake in shares of Grayscale Bitcoin Trust ETF during the fourth quarter valued at approximately $31,000. Measured Risk Portfolios Inc. purchased a new stake in shares of Grayscale Bitcoin Trust ETF in the fourth quarter valued at approximately $32,000. Capital A Wealth Management LLC bought a new position in Grayscale Bitcoin Trust ETF in the fourth quarter worth approximately $35,000. Finally, Cullen Frost Bankers Inc. purchased a new position in shares of Grayscale Bitcoin Trust ETF in the 4th quarter valued at $36,000.

Grayscale Bitcoin Trust ETF Price Performance

Shares of NYSEARCA GBTC opened at $85.77 on Thursday. Grayscale Bitcoin Trust ETF has a 1-year low of $39.56 and a 1-year high of $88.36. The business has a fifty day moving average price of $76.62 and a 200 day moving average price of $75.33. The stock has a market capitalization of $20.43 billion, a P/E ratio of 2.23 and a beta of 2.51.

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.