Grayscale Bitcoin Trust (NYSEARCA:GBTC) Shares Sold by TRUE Private Wealth Advisors

TRUE Private Wealth Advisors trimmed its position in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 4.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,718 shares of the company’s stock after selling 1,141 shares during the period. TRUE Private Wealth Advisors’ holdings in Grayscale Bitcoin Trust were worth $1,682,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Rothschild Investment LLC boosted its position in shares of Grayscale Bitcoin Trust by 0.9% during the 4th quarter. Rothschild Investment LLC now owns 14,490 shares of the company’s stock worth $1,073,000 after purchasing an additional 130 shares in the last quarter. Activest Wealth Management increased its position in shares of Grayscale Bitcoin Trust by 53.0% in the fourth quarter. Activest Wealth Management now owns 404 shares of the company’s stock valued at $30,000 after buying an additional 140 shares in the last quarter. Mutual Advisors LLC raised its position in Grayscale Bitcoin Trust by 2.0% during the fourth 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. Pine Valley Investments Ltd Liability Co increased its position in Grayscale Bitcoin Trust by 1.0% during the fourth quarter. Pine Valley Investments Ltd Liability Co now owns 16,906 shares of the company’s stock worth $1,251,000 after buying an additional 165 shares in the last quarter. Finally, Synovus Financial Corp grew its holdings in shares of Grayscale Bitcoin Trust by 0.8% during the third quarter. Synovus Financial Corp now owns 20,956 shares of the company’s stock worth $1,058,000 after buying an additional 169 shares in the last quarter.

Grayscale Bitcoin Trust Trading Down 1.6 %

Grayscale Bitcoin Trust stock opened at $60.61 on Wednesday. Grayscale Bitcoin Trust has a 52 week low of $39.56 and a 52 week high of $86.11. The stock has a fifty day moving average price of $70.39 and a 200 day moving average price of $68.96. The firm has a market capitalization of $14.86 billion, a P/E ratio of 2.23 and a beta of 2.59.

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.