Synergy Asset Management LLC trimmed its position in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC – Free Report) by 28.9% during the second quarter, Holdings Channel reports. The firm owned 4,240 shares of the company’s stock after selling 1,720 shares during the quarter. Synergy Asset Management LLC’s holdings in Grayscale Bitcoin Trust were worth $226,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. DHJJ Financial Advisors Ltd. acquired a new stake in Grayscale Bitcoin Trust during the 2nd quarter worth approximately $26,000. Dixon Mitchell Investment Counsel Inc. purchased a new position in shares of Grayscale Bitcoin Trust in the 1st quarter valued at about $27,000. Global Wealth Strategies & Associates purchased a new stake in shares of Grayscale Bitcoin Trust during the second quarter worth approximately $27,000. YHB Investment Advisors Inc. acquired a new stake in Grayscale Bitcoin Trust in the first quarter valued at approximately $28,000. Finally, Toth Financial Advisory Corp acquired a new position in Grayscale Bitcoin Trust during the 1st quarter worth approximately $28,000.
Grayscale Bitcoin Trust Trading Up 0.1 %
NYSEARCA:GBTC traded up $0.04 during trading hours on Friday, hitting $44.70. The company’s stock had a trading volume of 324,484 shares, compared to its average volume of 10,544,601. Grayscale Bitcoin Trust has a 52-week low of $18.04 and a 52-week high of $65.61. The stock has a market capitalization of $22.83 billion, a P/E ratio of 2.29 and a beta of 1.25. The stock has a fifty day moving average of $51.07 and a 200-day moving average of $55.59.
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.
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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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