2 weeks Ago By ABMN Staff
Envestnet Asset Management Inc. lessened its stake in Grayscale Bitcoin Trust ( NYSEARCA:GBTC – Free Report ) by 12.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC).
The firm owned 146,951 shares of the company’s stock after selling 21,200 shares during the period. Envestnet Asset Management Inc.’s holdings in Grayscale Bitcoin Trust were worth $7,824,000 as of its most recent SEC filing.
Several other institutional investors also recently added to or reduced their stakes in the stock. Jane Street Group LLC purchased a new position in Grayscale Bitcoin Trust in the 1st quarter worth about $117,350,000. Farallon Capital Management LLC purchased a new position in Grayscale Bitcoin Trust in the 1st quarter worth about $85,221,000.
LPL Financial LLC increased its stake in Grayscale Bitcoin Trust by 7.1% in the 2nd quarter. LPL Financial LLC now owns 1,030,932 shares of the company’s stock worth $54,887,000 after buying an additional 68,698 shares during the period.
Sloy Dahl & Holst LLC purchased a new position in Grayscale Bitcoin Trust during the 1st quarter valued at about $32,959,000. Finally, Bracebridge Capital LLC purchased a new position in Grayscale Bitcoin Trust during the 1st quarter valued at about $26,526,000. Grayscale Bitcoin Trust Stock Performance NYSEARCA GBTC opened at $52.
31 on Friday. The company has a market capitalization of $26.72 billion, a price-to-earnings ratio of 2.
29 and a beta of 1.25. The company’s 50-day simple moving average is $49.
24 and its two-hundred day simple moving average is $55.01. Grayscale Bitcoin Trust has a one year low of $18.
20 and a one year high of $65.61. Grayscale Bitcoin Trust 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.
Featured Stories Want to see what other hedge funds are holding GBTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Grayscale Bitcoin Trust ( NYSEARCA:GBTC – Free Report ). Receive News & Ratings for Grayscale Bitcoin Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grayscale Bitcoin Trust and related companies with MarketBeat.
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