Traphagen Investment Advisors LLC Reduces Holdings in Grayscale Bitcoin Trust ETF $GBTC

Traphagen Investment Advisors LLC decreased its position in Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 0.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 92,501 shares of the company’s stock after selling 485 shares during the period. Grayscale Bitcoin Trust ETF accounts for approximately 0.7% of Traphagen Investment Advisors LLC’s investment portfolio, making the stock its 20th largest position. Traphagen Investment Advisors LLC’s holdings in Grayscale Bitcoin Trust ETF were worth $7,847,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. First Horizon Advisors Inc. grew its stake in shares of Grayscale Bitcoin Trust ETF by 90.9% in the 1st quarter. First Horizon Advisors Inc. now owns 420 shares of the company’s stock valued at $27,000 after buying an additional 200 shares during the period. Hurley Capital LLC purchased a new stake in shares of Grayscale Bitcoin Trust ETF in the 1st quarter valued at approximately $34,000. Flaharty Asset Management LLC purchased a new stake in shares of Grayscale Bitcoin Trust ETF in the 1st quarter valued at approximately $39,000. Cornerstone Planning Group LLC grew its stake in shares of Grayscale Bitcoin Trust ETF by 600.0% in the 1st quarter. Cornerstone Planning Group LLC now owns 875 shares of the company’s stock valued at $57,000 after buying an additional 750 shares during the period. Finally, Headlands Technologies LLC grew its stake in shares of Grayscale Bitcoin Trust ETF by 227.0% in the 1st quarter. Headlands Technologies LLC now owns 1,128 shares of the company’s stock valued at $74,000 after buying an additional 783 shares during the period.

Grayscale Bitcoin Trust ETF Price Performance

Grayscale Bitcoin Trust ETF stock opened at $95.37 on Wednesday. Grayscale Bitcoin Trust ETF has a 1-year low of $46.83 and a 1-year high of $99.12. The firm has a 50 day simple moving average of $90.19 and a 200-day simple moving average of $83.31. The stock has a market cap of $22.96 billion, a price-to-earnings ratio of 2.23 and a beta of 2.47.

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.