Catalina Capital Group LLC cut its stake in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC – Free Report) by 21.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,595 shares of the company’s stock after selling 3,146 shares during the quarter. Catalina Capital Group LLC’s holdings in Grayscale Bitcoin Trust were worth $586,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of GBTC. DHJJ Financial Advisors Ltd. purchased a new stake in shares of Grayscale Bitcoin Trust during the 2nd quarter worth approximately $26,000. Global Wealth Strategies & Associates purchased a new stake in Grayscale Bitcoin Trust in the second quarter valued at approximately $27,000. ZRC Wealth Management LLC purchased a new position in Grayscale Bitcoin Trust during the second quarter worth approximately $29,000. West Oak Capital LLC grew its position in Grayscale Bitcoin Trust by 100.0% during the third quarter. West Oak Capital LLC now owns 640 shares of the company’s stock valued at $32,000 after acquiring an additional 320 shares during the period. Finally, Avondale Wealth Management purchased a new position in shares of Grayscale Bitcoin Trust in the 2nd quarter worth about $33,000.
Grayscale Bitcoin Trust Stock Performance
GBTC stock opened at $55.18 on Wednesday. The stock has a 50-day simple moving average of $50.28 and a 200-day simple moving average of $53.45. Grayscale Bitcoin Trust has a 1 year low of $26.58 and a 1 year high of $65.61. The firm has a market cap of $28.18 billion, a P/E ratio of 2.29 and a beta of 1.25.
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.
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