Almanack Investment Partners LLC. Has $1.62 Million Stock Holdings in Grayscale Bitcoin Trust ETF $GBTC

Almanack Investment Partners LLC. trimmed its position in Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 17.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,086 shares of the company’s stock after selling 3,949 shares during the quarter. Almanack Investment Partners LLC.’s holdings in Grayscale Bitcoin Trust ETF were worth $1,619,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GBTC. Palacios Wealth Management LLC acquired a new position in Grayscale Bitcoin Trust ETF in the 1st quarter valued at $65,170,000. DRW Securities LLC grew its holdings in Grayscale Bitcoin Trust ETF by 849.0% in the 1st quarter. DRW Securities LLC now owns 370,589 shares of the company’s stock valued at $24,151,000 after buying an additional 331,538 shares in the last quarter. SCS Capital Management LLC acquired a new position in Grayscale Bitcoin Trust ETF in the 1st quarter valued at $4,950,000. Cresset Asset Management LLC grew its holdings in Grayscale Bitcoin Trust ETF by 27.0% in the 1st quarter. Cresset Asset Management LLC now owns 299,976 shares of the company’s stock valued at $19,549,000 after buying an additional 63,749 shares in the last quarter. Finally, Ethos Financial Group LLC acquired a new position in Grayscale Bitcoin Trust ETF in the 1st quarter valued at $3,468,000.

Grayscale Bitcoin Trust ETF Price Performance

Shares of NYSEARCA GBTC opened at $91.42 on Monday. The stock’s fifty day moving average price is $90.41 and its two-hundred day moving average price is $83.94. Grayscale Bitcoin Trust ETF has a one year low of $48.86 and a one year high of $99.12. The firm has a market cap of $22.01 billion, a price-to-earnings ratio of 2.23 and a beta of 2.47.

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.