Grayscale Bitcoin Trust ETF $GBTC Shares Sold by SLT Holdings LLC

SLT Holdings LLC decreased its stake in shares of Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 14.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 118,492 shares of the company’s stock after selling 19,346 shares during the period. Grayscale Bitcoin Trust ETF accounts for 7.7% of SLT Holdings LLC’s portfolio, making the stock its 3rd largest position. SLT Holdings LLC owned about 0.05% of Grayscale Bitcoin Trust ETF worth $10,052,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GBTC. First Horizon Advisors Inc. grew its position in Grayscale Bitcoin Trust ETF by 90.9% in the first quarter. First Horizon Advisors Inc. now owns 420 shares of the company’s stock valued at $27,000 after acquiring an additional 200 shares in the last quarter. Hurley Capital LLC acquired a new stake in Grayscale Bitcoin Trust ETF during the 1st quarter valued at $34,000. Flaharty Asset Management LLC acquired a new position in Grayscale Bitcoin Trust ETF during the 1st quarter worth $39,000. Cornerstone Planning Group LLC grew its holdings in Grayscale Bitcoin Trust ETF by 600.0% during the 1st quarter. Cornerstone Planning Group LLC now owns 875 shares of the company’s stock worth $57,000 after acquiring an additional 750 shares in the last quarter. Finally, Atticus Wealth Management LLC grew its stake in Grayscale Bitcoin Trust ETF by 57.3% in the second quarter. Atticus Wealth Management LLC now owns 1,098 shares of the company’s stock worth $93,000 after purchasing an additional 400 shares in the last quarter.

Grayscale Bitcoin Trust ETF Stock Performance

NYSEARCA:GBTC opened at $91.42 on Friday. The company has a market capitalization of $22.01 billion, a price-to-earnings ratio of 2.23 and a beta of 2.47. Grayscale Bitcoin Trust ETF has a one year low of $48.86 and a one year high of $99.12. The stock has a 50-day simple moving average of $90.41 and a 200 day simple moving average of $83.73.

About Grayscale Bitcoin Trust ETF

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.