Grayscale Bitcoin Trust (NYSEARCA:GBTC) Stock Position Cut by One Charles Private Wealth Services LLC

One Charles Private Wealth Services LLC cut its stake in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 0.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 299,215 shares of the company’s stock after selling 1,987 shares during the period. Grayscale Bitcoin Trust comprises approximately 5.7% of One Charles Private Wealth Services LLC’s holdings, making the stock its 5th largest position. One Charles Private Wealth Services LLC owned approximately 0.06% of Grayscale Bitcoin Trust worth $15,110,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of GBTC. BOKF NA bought a new stake in shares of Grayscale Bitcoin Trust during the 1st quarter valued at $57,000. Bleakley Financial Group LLC lifted its position in Grayscale Bitcoin Trust by 2.3% during the third quarter. Bleakley Financial Group LLC now owns 60,389 shares of the company’s stock valued at $3,050,000 after purchasing an additional 1,349 shares in the last quarter. ORG Wealth Partners LLC bought a new stake in Grayscale Bitcoin Trust during the third quarter valued at about $46,000. Western Wealth Management LLC increased its position in Grayscale Bitcoin Trust by 30.2% in the second quarter. Western Wealth Management LLC now owns 13,068 shares of the company’s stock worth $696,000 after buying an additional 3,030 shares in the last quarter. Finally, Quent Capital LLC bought a new position in shares of Grayscale Bitcoin Trust in the first quarter worth about $460,000.

Grayscale Bitcoin Trust Trading Up 1.1 %

Grayscale Bitcoin Trust stock opened at $78.87 on Friday. The firm has a market capitalization of $40.28 billion, a price-to-earnings ratio of 2.29 and a beta of 1.25. Grayscale Bitcoin Trust has a 12-month low of $29.88 and a 12-month high of $79.34. The firm has a 50 day moving average of $56.59 and a 200 day moving average of $54.80.

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.