Grayscale Bitcoin Trust ETF $GBTC Shares Sold by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. trimmed its holdings in shares of Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 83.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,713 shares of the company’s stock after selling 23,268 shares during the period. Atria Wealth Solutions Inc.’s holdings in Grayscale Bitcoin Trust ETF were worth $400,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of GBTC. Palacios Wealth Management LLC acquired a new stake in Grayscale Bitcoin Trust ETF during the 1st quarter valued at approximately $65,170,000. DRW Securities LLC lifted its stake in shares of 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 purchasing an additional 331,538 shares during the period. SCS Capital Management LLC acquired a new position in shares of Grayscale Bitcoin Trust ETF in the 1st quarter valued at $4,950,000. Cresset Asset Management LLC lifted its stake in shares of 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 purchasing an additional 63,749 shares during the period. Finally, Ethos Financial Group LLC acquired a new position in shares of Grayscale Bitcoin Trust ETF in the 1st quarter valued at $3,468,000.

Grayscale Bitcoin Trust ETF Price Performance

GBTC opened at $86.89 on Tuesday. The firm has a fifty day moving average price of $89.88 and a 200 day moving average price of $84.80. Grayscale Bitcoin Trust ETF has a 1 year low of $51.83 and a 1 year high of $99.12. The stock has a market cap of $20.92 billion, a P/E 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.