Grayscale Bitcoin Trust (NYSEARCA:GBTC) Holdings Lowered by Bellwether Advisors LLC

Bellwether Advisors LLC cut its stake in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 1.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,051 shares of the company’s stock after selling 205 shares during the period. Bellwether Advisors LLC’s holdings in Grayscale Bitcoin Trust were worth $912,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Jane Street Group LLC bought a new stake in Grayscale Bitcoin Trust in the first quarter worth about $117,350,000. Farallon Capital Management LLC purchased a new stake in shares of Grayscale Bitcoin Trust in the 1st quarter valued at approximately $85,221,000. Greenwich Wealth Management LLC boosted its stake in Grayscale Bitcoin Trust by 99.9% in the 3rd quarter. Greenwich Wealth Management LLC now owns 1,076,820 shares of the company’s stock worth $54,379,000 after purchasing an additional 538,256 shares during the period. Cetera Investment Advisers purchased a new position in Grayscale Bitcoin Trust during the 1st quarter worth approximately $22,576,000. Finally, Magnolia Capital Advisors LLC purchased a new position in shares of Grayscale Bitcoin Trust during the second quarter valued at $14,810,000.

Grayscale Bitcoin Trust Trading Up 2.1 %

Shares of Grayscale Bitcoin Trust stock opened at $75.15 on Wednesday. Grayscale Bitcoin Trust has a 1 year low of $29.09 and a 1 year high of $75.15. The company has a market cap of $38.38 billion, a P/E ratio of 2.29 and a beta of 1.25. The stock has a 50-day moving average price of $54.76 and a 200 day moving average price of $54.34.

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.