Fifth Third Bancorp Has $2.06 Million Stake in Grayscale Bitcoin Trust ETF $GBTC

Fifth Third Bancorp lifted its position in shares of Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 38,972.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 39,072 shares of the company’s stock after purchasing an additional 38,972 shares during the period. Fifth Third Bancorp’s holdings in Grayscale Bitcoin Trust ETF were worth $2,061,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. DRW Securities LLC grew its holdings in 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 buying an additional 214,937 shares in the last quarter. Focus Partners Wealth increased its position in Grayscale Bitcoin Trust ETF by 10.5% during the 4th quarter. Focus Partners Wealth now owns 221,130 shares of the company’s stock worth $15,116,000 after buying an additional 20,951 shares during the period. Cetera Investment Advisers lifted its holdings in shares of Grayscale Bitcoin Trust ETF by 250.6% during the fourth quarter. Cetera Investment Advisers now owns 184,976 shares of the company’s stock worth $12,645,000 after buying an additional 132,219 shares in the last quarter. Mariner LLC lifted its holdings in shares of Grayscale Bitcoin Trust ETF by 1.2% during the fourth quarter. Mariner LLC now owns 173,207 shares of the company’s stock worth $11,840,000 after buying an additional 2,088 shares in the last quarter. Finally, Fiduciary Alliance LLC boosted its position in shares of Grayscale Bitcoin Trust ETF by 8.8% in the first quarter. Fiduciary Alliance LLC now owns 146,098 shares of the company’s stock valued at $8,528,000 after acquiring an additional 11,845 shares during the period.

Grayscale Bitcoin Trust ETF Stock Performance

GBTC stock opened at $51.08 on Thursday. The company’s 50-day simple moving average is $51.59 and its 200 day simple moving average is $56.65. Grayscale Bitcoin Trust ETF has a 52 week low of $44.98 and a 52 week high of $99.12. The company has a market capitalization of $9.91 billion, a PE ratio of 2.23 and a beta of 2.19.

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.