Doliver Advisors LP Sells 1,355 Shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Doliver Advisors LP lessened its stake in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 10.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,171 shares of the company’s stock after selling 1,355 shares during the quarter. Doliver Advisors LP’s holdings in Grayscale Bitcoin Trust were worth $901,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. West Oak Capital LLC grew its stake in Grayscale Bitcoin Trust by 100.0% during the third quarter. West Oak Capital LLC now owns 640 shares of the company’s stock worth $32,000 after buying an additional 320 shares during the last quarter. Asset Dedication LLC bought a new stake in Grayscale Bitcoin Trust during the 2nd quarter worth approximately $40,000. Hollencrest Capital Management grew its holdings in shares of Grayscale Bitcoin Trust by 88.9% during the second quarter. Hollencrest Capital Management now owns 850 shares of the company’s stock worth $45,000 after purchasing an additional 400 shares during the last quarter. ORG Wealth Partners LLC acquired a new stake in shares of Grayscale Bitcoin Trust in the third quarter valued at $46,000. Finally, Future Financial Wealth Managment LLC bought a new position in shares of Grayscale Bitcoin Trust in the third quarter valued at about $50,000.

Grayscale Bitcoin Trust Price Performance

Shares of NYSEARCA GBTC traded up $3.00 during midday trading on Monday, hitting $81.02. The stock had a trading volume of 3,214,999 shares, compared to its average volume of 2,866,388. The firm has a market cap of $41.38 billion, a P/E ratio of 2.29 and a beta of 1.25. Grayscale Bitcoin Trust has a fifty-two week low of $34.31 and a fifty-two week high of $86.11. The company’s 50-day simple moving average is $72.54 and its 200 day simple moving average is $58.52.

Grayscale Bitcoin Trust 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.