Grayscale Bitcoin Trust ETF $GBTC Stock: WealthCare Asset Management LLC Lowers Stake

WealthCare Asset Management LLC decreased its stake in shares of Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 29.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 67,296 shares of the company’s stock after selling 28,126 shares during the period. Grayscale Bitcoin Trust ETF comprises 3.7% of WealthCare Asset Management LLC’s portfolio, making the stock its 7th largest holding. WealthCare Asset Management LLC’s holdings in Grayscale Bitcoin Trust ETF were worth $4,347,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GBTC. Benchmark Financial Wealth Advisors LLC purchased a new position in Grayscale Bitcoin Trust ETF in the third quarter worth about $565,000. Ridgepath Capital Management LLC bought a new stake in shares of Grayscale Bitcoin Trust ETF during the 1st quarter valued at about $2,655,000. Independent Financial Group LLC bought a new stake in shares of Grayscale Bitcoin Trust ETF during the 1st quarter valued at about $2,691,000. B. Riley Wealth Advisors Inc. grew its stake in shares of Grayscale Bitcoin Trust ETF by 213.7% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 19,341 shares of the company’s stock valued at $1,249,000 after purchasing an additional 13,176 shares during the period. Finally, Ascentis Independent Advisors increased its position in shares of Grayscale Bitcoin Trust ETF by 136.4% during the 1st quarter. Ascentis Independent Advisors now owns 18,887 shares of the company’s stock valued at $996,000 after purchasing an additional 10,897 shares during the last quarter.

Grayscale Bitcoin Trust ETF Stock Down 1.6%

NYSEARCA GBTC opened at $61.63 on Tuesday. The company has a 50-day moving average price of $61.61 and a 200-day moving average price of $57.19. Grayscale Bitcoin Trust ETF has a 52 week low of $44.98 and a 52 week high of $91.01. The firm has a market capitalization of $11.95 billion, a P/E ratio of 2.23 and a beta of 2.19.

Grayscale Bitcoin Trust ETF 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.