Sepio Capital LP Cuts Stock Holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Sepio Capital LP lowered its position in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 32.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,340 shares of the company’s stock after selling 2,080 shares during the quarter. Sepio Capital LP’s holdings in Grayscale Bitcoin Trust were worth $231,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Jane Street Group LLC acquired a new position in Grayscale Bitcoin Trust in the 1st quarter valued at $117,350,000. Farallon Capital Management LLC acquired a new stake in shares of Grayscale Bitcoin Trust in the first quarter valued at about $85,221,000. LPL Financial LLC raised its position in shares of Grayscale Bitcoin Trust by 7.1% in the second quarter. LPL Financial LLC now owns 1,030,932 shares of the company’s stock valued at $54,887,000 after buying an additional 68,698 shares during the last quarter. Sloy Dahl & Holst LLC purchased a new position in shares of Grayscale Bitcoin Trust in the first quarter worth about $32,959,000. Finally, Bracebridge Capital LLC acquired a new position in Grayscale Bitcoin Trust during the first quarter worth about $26,526,000.

Grayscale Bitcoin Trust Trading Up 1.5 %

Shares of NYSEARCA GBTC opened at $52.31 on Friday. The company has a 50-day moving average of $49.24 and a 200 day moving average of $55.01. Grayscale Bitcoin Trust has a 12-month low of $18.20 and a 12-month high of $65.61. The stock has a market cap of $26.72 billion, a PE ratio of 2.29 and a beta of 1.25.

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.