Grayscale Bitcoin Trust (NYSEARCA:GBTC) Stock Holdings Decreased by Richard W. Paul & Associates LLC

Richard W. Paul & Associates LLC lessened its position in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 22.0% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,273 shares of the company’s stock after selling 360 shares during the quarter. Richard W. Paul & Associates LLC’s holdings in Grayscale Bitcoin Trust were worth $64,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Park Avenue Securities LLC acquired a new stake in Grayscale Bitcoin Trust during the 1st quarter worth about $463,000. International Assets Investment Management LLC acquired a new stake in shares of Grayscale Bitcoin Trust during the first quarter worth approximately $238,000. Salem Investment Counselors Inc. purchased a new position in Grayscale Bitcoin Trust during the first quarter valued at approximately $112,000. Opal Wealth Advisors LLC acquired a new position in Grayscale Bitcoin Trust in the 1st quarter valued at approximately $262,000. Finally, AdvisorNet Financial Inc purchased a new stake in Grayscale Bitcoin Trust in the 1st quarter worth approximately $261,000.

Grayscale Bitcoin Trust Stock Up 2.7 %

Grayscale Bitcoin Trust stock opened at $54.60 on Friday. Grayscale Bitcoin Trust has a 12 month low of $22.01 and a 12 month high of $65.61. The company’s fifty day simple moving average is $48.70 and its 200-day simple moving average is $53.87. The stock has a market cap of $27.88 billion, a P/E ratio of 2.29 and a beta of 1.25.

Grayscale Bitcoin Trust Company 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.