Tsfg LLC Reduces Position in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Tsfg LLC decreased its holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 2.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 25,707 shares of the company’s stock after selling 664 shares during the quarter. Tsfg LLC’s holdings in Grayscale Bitcoin Trust were worth $1,903,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. 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 during the period. ORG Wealth Partners LLC purchased a new stake in Grayscale Bitcoin Trust during the 3rd quarter valued at $46,000. Intellectus Partners LLC lifted its holdings in shares of Grayscale Bitcoin Trust by 4.1% during the 3rd quarter. Intellectus Partners LLC now owns 79,934 shares of the company’s stock valued at $4,037,000 after buying an additional 3,165 shares during the period. Sound Income Strategies LLC lifted its holdings in shares of Grayscale Bitcoin Trust by 6.3% during the 3rd quarter. Sound Income Strategies LLC now owns 4,651 shares of the company’s stock valued at $235,000 after buying an additional 276 shares during the period. Finally, Cerity Partners LLC boosted its stake in shares of Grayscale Bitcoin Trust by 25.6% in the 3rd quarter. Cerity Partners LLC now owns 44,913 shares of the company’s stock worth $2,268,000 after buying an additional 9,152 shares during the last quarter.

Grayscale Bitcoin Trust Stock Down 1.2 %

NYSEARCA:GBTC traded down $0.92 on Monday, hitting $74.16. The stock had a trading volume of 3,111,472 shares, compared to its average volume of 3,240,000. Grayscale Bitcoin Trust has a 52-week low of $34.31 and a 52-week high of $86.11. The stock has a market cap of $37.87 billion, a price-to-earnings ratio of 2.29 and a beta of 1.25. The business’s 50-day simple moving average is $74.55 and its two-hundred day simple moving average is $59.27.

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.