Compass Ion Advisors LLC Sells 4,050 Shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Compass Ion Advisors LLC lessened its holdings in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 10.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 34,760 shares of the company’s stock after selling 4,050 shares during the period. Compass Ion Advisors LLC’s holdings in Grayscale Bitcoin Trust were worth $2,573,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Rothschild Investment LLC grew its holdings in shares of Grayscale Bitcoin Trust by 0.9% during the fourth quarter. Rothschild Investment LLC now owns 14,490 shares of the company’s stock worth $1,073,000 after purchasing an additional 130 shares during the last quarter. Activest Wealth Management grew its holdings in shares of Grayscale Bitcoin Trust by 53.0% during the fourth quarter. Activest Wealth Management now owns 404 shares of the company’s stock worth $30,000 after purchasing an additional 140 shares during the last quarter. Mutual Advisors LLC grew its holdings in shares of Grayscale Bitcoin Trust by 2.0% during the fourth quarter. Mutual Advisors LLC now owns 7,326 shares of the company’s stock worth $583,000 after purchasing an additional 146 shares during the last quarter. Pine Valley Investments Ltd Liability Co grew its holdings in shares of Grayscale Bitcoin Trust by 1.0% during the fourth quarter. Pine Valley Investments Ltd Liability Co now owns 16,906 shares of the company’s stock worth $1,251,000 after purchasing an additional 165 shares during the last quarter. Finally, Synovus Financial Corp grew its holdings in shares of Grayscale Bitcoin Trust by 0.8% during the third quarter. Synovus Financial Corp now owns 20,956 shares of the company’s stock worth $1,058,000 after purchasing an additional 169 shares during the last quarter.

Grayscale Bitcoin Trust Stock Down 2.6 %

Shares of GBTC opened at $65.08 on Wednesday. The stock’s fifty day simple moving average is $74.71 and its 200-day simple moving average is $66.93. The firm has a market capitalization of $16.10 billion, a PE ratio of 2.23 and a beta of 2.59. Grayscale Bitcoin Trust has a 12-month low of $39.56 and a 12-month 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.