Jaffetilchin Investment Partners LLC Decreases Holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Jaffetilchin Investment Partners LLC trimmed its stake in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 1.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,993 shares of the company’s stock after selling 425 shares during the quarter. Jaffetilchin Investment Partners LLC’s holdings in Grayscale Bitcoin Trust were worth $1,776,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wealth Quarterback LLC purchased a new position in Grayscale Bitcoin Trust in the fourth quarter valued at approximately $215,000. RFG Advisory LLC purchased a new position in shares of Grayscale Bitcoin Trust during the 4th quarter valued at $262,000. Arkadios Wealth Advisors purchased a new position in shares of Grayscale Bitcoin Trust during the 4th quarter valued at $245,000. U.S. Capital Wealth Advisors LLC bought a new position in shares of Grayscale Bitcoin Trust during the 4th quarter worth $692,000. Finally, Mutual Advisors LLC increased its holdings in Grayscale Bitcoin Trust by 2.0% in the 4th quarter. Mutual Advisors LLC now owns 7,326 shares of the company’s stock worth $583,000 after acquiring an additional 146 shares during the last quarter.

Grayscale Bitcoin Trust Stock Down 3.4 %

NYSEARCA GBTC opened at $62.82 on Friday. The company has a market cap of $15.40 billion, a PE ratio of 2.23 and a beta of 2.59. Grayscale Bitcoin Trust has a 52 week low of $39.56 and a 52 week high of $86.11. The firm’s 50-day simple moving average is $69.38 and its two-hundred day simple moving average is $69.11.

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.