Howe & Rusling Inc. reduced its stake in Grayscale Bitcoin Trust (NYSEARCA:GBTC – Free Report) by 94.0% during the third quarter, HoldingsChannel.com reports. The fund owned 4,873 shares of the company’s stock after selling 76,678 shares during the quarter. Howe & Rusling Inc.’s holdings in Grayscale Bitcoin Trust were worth $246,000 at the end of the most recent reporting period.
Several other hedge funds have also bought and sold shares of the stock. DHJJ Financial Advisors Ltd. bought a new stake in shares of Grayscale Bitcoin Trust in the second quarter worth about $26,000. Global Wealth Strategies & Associates bought a new stake in Grayscale Bitcoin Trust in the 2nd quarter worth approximately $27,000. ZRC Wealth Management LLC purchased a new stake in shares of Grayscale Bitcoin Trust during the 2nd quarter worth approximately $29,000. West Oak Capital LLC boosted its position in shares of Grayscale Bitcoin Trust by 100.0% during the 3rd quarter. West Oak Capital LLC now owns 640 shares of the company’s stock valued at $32,000 after acquiring an additional 320 shares during the last quarter. Finally, Avondale Wealth Management purchased a new position in shares of Grayscale Bitcoin Trust in the second quarter valued at $33,000.
Grayscale Bitcoin Trust Stock Up 1.9 %
Grayscale Bitcoin Trust stock opened at $74.99 on Thursday. Grayscale Bitcoin Trust has a 52-week low of $29.09 and a 52-week high of $75.55. The firm’s fifty day moving average is $54.76 and its 200 day moving average is $54.34. The company has a market cap of $38.30 billion, a price-to-earnings ratio of 2.29 and a beta of 1.25.
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.
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Want to see what other hedge funds are holding GBTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Grayscale Bitcoin Trust (NYSEARCA:GBTC – Free Report).
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