MADDEN SECURITIES Corp Trims Position in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

MADDEN SECURITIES Corp decreased its holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 7.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,085 shares of the company’s stock after selling 700 shares during the quarter. MADDEN SECURITIES Corp’s holdings in Grayscale Bitcoin Trust were worth $459,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in GBTC. DHJJ Financial Advisors Ltd. purchased a new position in shares of Grayscale Bitcoin Trust in the 2nd quarter valued at approximately $26,000. Dixon Mitchell Investment Counsel Inc. bought a new position in shares of Grayscale Bitcoin Trust in the 1st quarter worth about $27,000. Global Wealth Strategies & Associates purchased a new position in Grayscale Bitcoin Trust during the 2nd quarter valued at about $27,000. Toth Financial Advisory Corp purchased a new stake in Grayscale Bitcoin Trust in the first quarter worth about $28,000. Finally, Hollencrest Capital Management bought a new position in shares of Grayscale Bitcoin Trust during the first quarter valued at approximately $28,000.

Grayscale Bitcoin Trust Stock Up 5.9 %

Shares of GBTC opened at $50.27 on Friday. The stock has a market cap of $25.67 billion, a P/E ratio of 2.29 and a beta of 1.25. The business’s 50 day moving average price is $47.89 and its 200-day moving average price is $54.30. Grayscale Bitcoin Trust has a 52 week low of $19.84 and a 52 week high of $65.61.

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.