Samalin Investment Counsel LLC Sells 533 Shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Samalin Investment Counsel LLC decreased its position in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 7.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 6,411 shares of the company’s stock after selling 533 shares during the period. Samalin Investment Counsel LLC’s holdings in Grayscale Bitcoin Trust were worth $475,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in GBTC. Rothschild Investment LLC boosted its holdings in shares of Grayscale Bitcoin Trust by 0.9% in the 4th quarter. Rothschild Investment LLC now owns 14,490 shares of the company’s stock valued at $1,073,000 after purchasing an additional 130 shares in the last quarter. Activest Wealth Management grew its position in Grayscale Bitcoin Trust by 53.0% in the fourth quarter. Activest Wealth Management now owns 404 shares of the company’s stock valued at $30,000 after acquiring an additional 140 shares during the last quarter. Mutual Advisors LLC grew its position in Grayscale Bitcoin Trust by 2.0% in the fourth quarter. Mutual Advisors LLC now owns 7,326 shares of the company’s stock valued at $583,000 after acquiring an additional 146 shares during the last quarter. Pine Valley Investments Ltd Liability Co raised its stake in 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 acquiring an additional 165 shares in the last quarter. Finally, Synovus Financial Corp lifted its stake in Grayscale Bitcoin Trust by 0.8% in the 3rd quarter. Synovus Financial Corp now owns 20,956 shares of the company’s stock valued at $1,058,000 after purchasing an additional 169 shares during the last quarter.

Grayscale Bitcoin Trust Stock Performance

NYSEARCA GBTC opened at $66.32 on Monday. The firm’s fifty day moving average price is $74.24 and its two-hundred day moving average price is $67.36. The stock has a market cap of $16.26 billion, a PE ratio of 2.23 and a beta of 2.59. Grayscale Bitcoin Trust has a fifty-two week low of $39.56 and a fifty-two week high of $86.11.

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.