Grayscale Bitcoin Trust ETF $GBTC Shares Sold by Beaumont Financial Advisors LLC

Beaumont Financial Advisors LLC reduced its stake in shares of Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 4.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 258,734 shares of the company’s stock after selling 12,733 shares during the quarter. Beaumont Financial Advisors LLC owned about 0.11% of Grayscale Bitcoin Trust ETF worth $13,651,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. DRW Securities LLC boosted its stake in Grayscale Bitcoin Trust ETF by 1,210.6% during the 4th quarter. DRW Securities LLC now owns 232,691 shares of the company’s stock valued at $15,907,000 after purchasing an additional 214,937 shares during the period. Cetera Investment Advisers increased its stake in shares of Grayscale Bitcoin Trust ETF by 250.6% in 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 stake in shares of Grayscale Bitcoin Trust ETF in the third quarter valued at approximately $11,599,000. Ieq Capital LLC increased its stake in shares of 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 during the period. Finally, Renaissance Technologies LLC raised its holdings in shares of Grayscale Bitcoin Trust ETF by 273.0% during the fourth quarter. Renaissance Technologies LLC now owns 120,100 shares of the company’s stock valued at $8,210,000 after buying an additional 87,900 shares during the last quarter.

Grayscale Bitcoin Trust ETF Trading Up 0.6%

GBTC opened at $50.34 on Thursday. The business’s 50 day moving average is $52.80 and its 200-day moving average is $57.27. The stock has a market cap of $9.76 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.