Grayscale Bitcoin Trust (NYSEARCA:GBTC) Shares Sold by Mission Wealth Management LP

Mission Wealth Management LP lessened its position in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 23.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 9,944 shares of the company’s stock after selling 3,073 shares during the period. Mission Wealth Management LP’s holdings in Grayscale Bitcoin Trust were worth $736,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Wealth Quarterback LLC acquired a new stake in shares of Grayscale Bitcoin Trust in the 4th quarter worth $215,000. Arkadios Wealth Advisors acquired a new stake in shares of Grayscale Bitcoin Trust in the 4th quarter worth $245,000. RFG Advisory LLC purchased a new position in shares of Grayscale Bitcoin Trust in the 4th quarter valued at about $262,000. Avior Wealth Management LLC increased its holdings in shares of Grayscale Bitcoin Trust by 225.5% in the 4th quarter. Avior Wealth Management LLC now owns 1,621 shares of the company’s stock valued at $120,000 after purchasing an additional 1,123 shares in the last quarter. Finally, SJS Investment Consulting Inc. increased its holdings in shares of Grayscale Bitcoin Trust by 109.7% in the 4th quarter. SJS Investment Consulting Inc. now owns 57,565 shares of the company’s stock valued at $4,261,000 after purchasing an additional 30,112 shares in the last quarter.

Grayscale Bitcoin Trust Stock Up 1.0 %

Shares of GBTC opened at $68.74 on Wednesday. The company has a 50-day simple moving average of $76.67 and a 200-day simple moving average of $65.63. The company has a market capitalization of $17.37 billion, a PE ratio of 2.23 and a beta of 2.51. Grayscale Bitcoin Trust has a 52-week low of $39.56 and a 52-week high of $86.11.

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.