Grayscale Bitcoin Trust (NYSEARCA:GBTC) Shares Sold by Richard W. Paul & Associates LLC

Richard W. Paul & Associates LLC reduced its holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 20.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,015 shares of the company’s stock after selling 258 shares during the period. Richard W. Paul & Associates LLC’s holdings in Grayscale Bitcoin Trust were worth $75,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of GBTC. Farther Finance Advisors LLC lifted its stake in shares of Grayscale Bitcoin Trust by 193.8% in the third quarter. Farther Finance Advisors LLC now owns 3,664 shares of the company’s stock worth $185,000 after buying an additional 2,417 shares in the last quarter. Greenwich Wealth Management LLC lifted its stake in shares of Grayscale Bitcoin Trust by 99.9% in the third quarter. Greenwich Wealth Management LLC now owns 1,076,820 shares of the company’s stock worth $54,379,000 after buying an additional 538,256 shares in the last quarter. Blue Square Asset Management LLC lifted its stake in shares of Grayscale Bitcoin Trust by 16.2% in the third quarter. Blue Square Asset Management LLC now owns 107,323 shares of the company’s stock worth $5,420,000 after buying an additional 14,989 shares in the last quarter. Silicon Valley Capital Partners lifted its stake in shares of Grayscale Bitcoin Trust by 16.1% in the third quarter. Silicon Valley Capital Partners now owns 10,800 shares of the company’s stock worth $545,000 after buying an additional 1,500 shares in the last quarter. Finally, Clarity Financial LLC purchased a new position in Grayscale Bitcoin Trust during the third quarter worth about $1,502,000.

Grayscale Bitcoin Trust Price Performance

Shares of GBTC stock opened at $66.61 on Friday. The firm’s 50-day moving average is $76.98 and its two-hundred day moving average is $65.20. Grayscale Bitcoin Trust has a 12 month low of $39.56 and a 12 month high of $86.11. The company has a market capitalization of $16.84 billion, a PE ratio of 2.23 and a beta of 2.51.

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.