Invesco Ltd. trimmed its holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC – Free Report) by 34.4% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 4,991 shares of the company’s stock after selling 2,619 shares during the period. Invesco Ltd.’s holdings in Grayscale Bitcoin Trust were worth $369,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of GBTC. Proficio Capital Partners LLC grew its stake in Grayscale Bitcoin Trust by 4,462.7% in the 4th quarter. Proficio Capital Partners LLC now owns 2,103,962 shares of the company’s stock valued at $155,735,000 after acquiring an additional 2,057,850 shares during the last quarter. Strategic Financial Concepts LLC acquired a new position in shares of Grayscale Bitcoin Trust during the fourth quarter worth $19,360,000. SLT Holdings LLC acquired a new stake in shares of Grayscale Bitcoin Trust during the fourth quarter valued at about $10,203,000. Discovery Capital Management LLC CT purchased a new stake in shares of Grayscale Bitcoin Trust during the fourth quarter worth about $7,950,000. Finally, Citrine Capital LLC acquired a new stake in shares of Grayscale Bitcoin Trust during the fourth quarter worth approximately $7,721,000.
Grayscale Bitcoin Trust Stock Performance
Shares of GBTC stock opened at $76.55 on Friday. Grayscale Bitcoin Trust has a one year low of $39.56 and a one year high of $86.11. The stock has a market capitalization of $18.47 billion, a price-to-earnings ratio of 2.23 and a beta of 2.51. The company’s 50-day simple moving average is $67.92 and its 200-day simple moving average is $71.45.
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.
Featured Articles
- Five stocks we like better than Grayscale Bitcoin Trust
- Why is the Ex-Dividend Date Significant to Investors?
- Magnificent 7 Stocks Send a Dire Warning to Markets
- What Investors Must Know About Over-the-Counter (OTC) Stocks
- Why Spotify Stock Still Has Room to Run in 2025
- Short Selling – The Pros and Cons
- Buy the Dip: Top Tech Stocks Analysts Say Are Undervalued
Want to see what other hedge funds are holding GBTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Grayscale Bitcoin Trust (NYSEARCA:GBTC – Free Report).
Receive News & Ratings for Grayscale Bitcoin Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grayscale Bitcoin Trust and related companies with MarketBeat.com's FREE daily email newsletter.
