Schnieders Capital Management LLC Sells 336 Shares of Grayscale Bitcoin Trust ETF $GBTC

Schnieders Capital Management LLC decreased its holdings in Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 7.8% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,949 shares of the company’s stock after selling 336 shares during the period. Schnieders Capital Management LLC’s holdings in Grayscale Bitcoin Trust ETF were worth $335,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of GBTC. Global Assets Advisory LLC raised its stake in Grayscale Bitcoin Trust ETF by 202.9% in the first quarter. Global Assets Advisory LLC now owns 20,678 shares of the company’s stock valued at $1,329,000 after buying an additional 13,852 shares during the period. Golden State Equity Partners raised its stake in Grayscale Bitcoin Trust ETF by 7.7% in the first quarter. Golden State Equity Partners now owns 9,278 shares of the company’s stock valued at $605,000 after buying an additional 667 shares during the period. Golden State Wealth Management LLC raised its stake in Grayscale Bitcoin Trust ETF by 90.3% in the first quarter. Golden State Wealth Management LLC now owns 2,360 shares of the company’s stock valued at $154,000 after buying an additional 1,120 shares during the period. Sequoia Financial Advisors LLC raised its stake in Grayscale Bitcoin Trust ETF by 8.0% in the first quarter. Sequoia Financial Advisors LLC now owns 125,277 shares of the company’s stock valued at $8,164,000 after buying an additional 9,230 shares during the period. Finally, Transcend Capital Advisors LLC raised its stake in Grayscale Bitcoin Trust ETF by 3.6% in the first quarter. Transcend Capital Advisors LLC now owns 12,164 shares of the company’s stock valued at $793,000 after buying an additional 425 shares during the period.

Grayscale Bitcoin Trust ETF Stock Up 4.1%

NYSEARCA:GBTC opened at $86.89 on Tuesday. The stock’s 50 day moving average price is $89.88 and its two-hundred day moving average price is $84.80. The firm has a market capitalization of $20.92 billion, a price-to-earnings ratio of 2.23 and a beta of 2.47. Grayscale Bitcoin Trust ETF has a 12-month low of $51.83 and a 12-month high of $99.12.

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.