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

Citrine Capital LLC trimmed its holdings in Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 0.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 103,505 shares of the company’s stock after selling 153 shares during the quarter. Grayscale Bitcoin Trust ETF comprises approximately 4.7% of Citrine Capital LLC’s portfolio, making the stock its 6th largest holding. Citrine Capital LLC’s holdings in Grayscale Bitcoin Trust ETF were worth $8,780,000 as of its most recent SEC filing.

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

Grayscale Bitcoin Trust ETF Trading Up 0.0%

Grayscale Bitcoin Trust ETF stock opened at $89.77 on Wednesday. The company has a 50-day moving average price of $89.93 and a 200 day moving average price of $82.31. Grayscale Bitcoin Trust ETF has a 12-month low of $46.83 and a 12-month high of $96.62. The stock has a market cap of $21.61 billion, a P/E ratio of 2.23 and a beta of 2.47.

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.