CRA Financial Services LLC Sells 2,320 Shares of Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC)

CRA Financial Services LLC decreased its holdings in Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 8.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 25,074 shares of the company’s stock after selling 2,320 shares during the quarter. CRA Financial Services LLC’s holdings in Grayscale Bitcoin Trust ETF were worth $1,634,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Rothschild Investment LLC raised its position in Grayscale Bitcoin Trust ETF by 0.9% in the 4th quarter. Rothschild Investment LLC now owns 14,490 shares of the company’s stock valued at $1,073,000 after purchasing an additional 130 shares during the last quarter. Upper Left Wealth Management LLC raised its position in Grayscale Bitcoin Trust ETF by 0.8% in the 1st quarter. Upper Left Wealth Management LLC now owns 20,176 shares of the company’s stock valued at $1,315,000 after purchasing an additional 162 shares during the last quarter. Pine Valley Investments Ltd Liability Co raised its position in Grayscale Bitcoin Trust ETF by 1.0% in the 4th quarter. Pine Valley Investments Ltd Liability Co now owns 16,906 shares of the company’s stock valued at $1,251,000 after purchasing an additional 165 shares during the last quarter. Fiduciary Financial Group LLC raised its position in Grayscale Bitcoin Trust ETF by 1.4% in the 1st quarter. Fiduciary Financial Group LLC now owns 12,678 shares of the company’s stock valued at $796,000 after purchasing an additional 177 shares during the last quarter. Finally, Townsquare Capital LLC raised its position in Grayscale Bitcoin Trust ETF by 1.4% in the 4th quarter. Townsquare Capital LLC now owns 14,214 shares of the company’s stock valued at $1,052,000 after purchasing an additional 191 shares during the last quarter.

Grayscale Bitcoin Trust ETF Stock Performance

Shares of GBTC opened at $82.83 on Friday. The stock has a fifty day moving average price of $77.52 and a two-hundred day moving average price of $75.46. Grayscale Bitcoin Trust ETF has a 52-week low of $39.56 and a 52-week high of $88.36. The company has a market cap of $19.73 billion, a price-to-earnings 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.