Clearwater Capital Advisors LLC Has $585,000 Stake in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Clearwater Capital Advisors LLC lowered its position in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 11.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,989 shares of the company’s stock after selling 1,428 shares during the quarter. Clearwater Capital Advisors LLC’s holdings in Grayscale Bitcoin Trust were worth $585,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Jane Street Group LLC bought a new stake in shares of Grayscale Bitcoin Trust during the 1st quarter valued at about $117,350,000. Farallon Capital Management LLC acquired a new position in Grayscale Bitcoin Trust in the first quarter valued at approximately $85,221,000. Sloy Dahl & Holst LLC bought a new position in shares of Grayscale Bitcoin Trust during the 1st quarter worth approximately $32,959,000. Bracebridge Capital LLC acquired a new stake in shares of Grayscale Bitcoin Trust during the 1st quarter worth approximately $26,526,000. Finally, Mad River Investors bought a new stake in shares of Grayscale Bitcoin Trust in the 1st quarter valued at $25,251,000.

Grayscale Bitcoin Trust Price Performance

Shares of Grayscale Bitcoin Trust stock traded down $2.06 during trading on Friday, reaching $42.60. 7,082,877 shares of the company traded hands, compared to its average volume of 10,583,889. The firm has a market capitalization of $21.76 billion, a PE ratio of 2.29 and a beta of 1.25. The company has a 50 day moving average price of $50.86 and a 200-day moving average price of $55.63. Grayscale Bitcoin Trust has a 1-year low of $18.04 and a 1-year high of $65.61.

About Grayscale Bitcoin Trust

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.