Grayscale Bitcoin Trust ETF $GBTC Shares Sold by Sapient Capital LLC

Sapient Capital LLC lowered its holdings in Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 74.5% during the first quarter, Holdings Channel.com reports. The firm owned 6,250 shares of the company’s stock after selling 18,237 shares during the period. Sapient Capital LLC’s holdings in Grayscale Bitcoin Trust ETF were worth $330,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Garton & Associates Financial Advisors LLC purchased a new position in shares of Grayscale Bitcoin Trust ETF during the 4th quarter worth $27,000. Cary Street Partners Investment Advisory LLC purchased a new stake in Grayscale Bitcoin Trust ETF in the 4th quarter valued at about $30,000. RHL Group LLC acquired a new position in Grayscale Bitcoin Trust ETF in the fourth quarter valued at about $43,000. Hollencrest Capital Management lifted its position in Grayscale Bitcoin Trust ETF by 480.8% in the first quarter. Hollencrest Capital Management now owns 726 shares of the company’s stock valued at $38,000 after buying an additional 601 shares during the last quarter. Finally, Triumph Capital Management acquired a new position in Grayscale Bitcoin Trust ETF in the third quarter valued at about $66,000.

Grayscale Bitcoin Trust ETF Price Performance

Shares of GBTC stock opened at $49.73 on Wednesday. The firm has a market cap of $9.65 billion, a PE ratio of 2.23 and a beta of 2.17. The company has a 50-day moving average of $49.70 and a two-hundred day moving average of $55.22. Grayscale Bitcoin Trust ETF has a 1-year low of $44.98 and a 1-year high of $99.12.

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.