Spectrum Wealth Counsel LLC Sells 1,179 Shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Spectrum Wealth Counsel LLC reduced its position in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 27.9% during the second quarter, Holdings Channel.com reports. The firm owned 3,040 shares of the company’s stock after selling 1,179 shares during the quarter. Spectrum Wealth Counsel LLC’s holdings in Grayscale Bitcoin Trust were worth $162,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of GBTC. DHJJ Financial Advisors Ltd. bought a new position in shares of Grayscale Bitcoin Trust in the second quarter valued at $26,000. Dixon Mitchell Investment Counsel Inc. bought a new position in Grayscale Bitcoin Trust in the 1st quarter valued at about $27,000. Global Wealth Strategies & Associates acquired a new position in Grayscale Bitcoin Trust during the 2nd quarter valued at about $27,000. YHB Investment Advisors Inc. bought a new stake in Grayscale Bitcoin Trust during the 1st quarter worth approximately $28,000. Finally, Toth Financial Advisory Corp purchased a new stake in shares of Grayscale Bitcoin Trust in the first quarter worth approximately $28,000.

Grayscale Bitcoin Trust Stock Up 2.4 %

GBTC stock opened at $47.64 on Friday. The firm has a market capitalization of $24.33 billion, a PE ratio of 2.29 and a beta of 1.25. Grayscale Bitcoin Trust has a twelve month low of $18.04 and a twelve month high of $65.61. The stock’s 50 day moving average is $50.12 and its 200-day moving average is $55.60.

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.