HighTower Advisors LLC Sells 11,209 Shares of Grayscale Bitcoin Trust ETF $GBTC

HighTower Advisors LLC decreased its stake in Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 1.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 602,864 shares of the company’s stock after selling 11,209 shares during the quarter. HighTower Advisors LLC owned 0.31% of Grayscale Bitcoin Trust ETF worth $27,442,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. DRW Securities LLC increased its stake in shares of Grayscale Bitcoin Trust ETF by 1,210.6% in the 4th quarter. DRW Securities LLC now owns 232,691 shares of the company’s stock valued at $15,907,000 after acquiring an additional 214,937 shares during the last quarter. Cetera Investment Advisers grew its holdings in Grayscale Bitcoin Trust ETF by 250.6% during the fourth quarter. Cetera Investment Advisers now owns 184,976 shares of the company’s stock valued at $12,645,000 after purchasing an additional 132,219 shares during the period. Jump Financial LLC acquired a new position in Grayscale Bitcoin Trust ETF during the third quarter valued at approximately $11,599,000. Ieq Capital LLC increased its stake in Grayscale Bitcoin Trust ETF by 400.6% in the second quarter. Ieq Capital LLC now owns 113,310 shares of the company’s stock valued at $9,612,000 after purchasing an additional 90,675 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in Grayscale Bitcoin Trust ETF by 273.0% in the fourth quarter. Renaissance Technologies LLC now owns 120,100 shares of the company’s stock valued at $8,210,000 after purchasing an additional 87,900 shares in the last quarter.

Grayscale Bitcoin Trust ETF Stock Performance

GBTC opened at $60.65 on Wednesday. The firm’s fifty day moving average is $52.65 and its two-hundred day moving average is $54.15. The firm has a market cap of $11.76 billion, a PE ratio of 2.23 and a beta of 2.19. Grayscale Bitcoin Trust ETF has a twelve month low of $44.98 and a twelve month high of $99.12.

Grayscale Bitcoin Trust ETF Company 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.