Tsfg LLC Trims Holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Tsfg LLC reduced its holdings in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 2.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,707 shares of the company’s stock after selling 664 shares during the period. Tsfg LLC’s holdings in Grayscale Bitcoin Trust were worth $1,903,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Greenwich Wealth Management LLC boosted its position in shares of Grayscale Bitcoin Trust by 99.9% in the 3rd quarter. Greenwich Wealth Management LLC now owns 1,076,820 shares of the company’s stock worth $54,379,000 after purchasing an additional 538,256 shares in the last quarter. LPL Financial LLC boosted its holdings in Grayscale Bitcoin Trust by 7.1% in the second quarter. LPL Financial LLC now owns 1,030,932 shares of the company’s stock worth $54,887,000 after acquiring an additional 68,698 shares in the last quarter. Mad River Investors increased its holdings in shares of Grayscale Bitcoin Trust by 26.7% during the third quarter. Mad River Investors now owns 389,745 shares of the company’s stock valued at $19,682,000 after acquiring an additional 82,187 shares in the last quarter. Moors & Cabot Inc. raised its position in shares of Grayscale Bitcoin Trust by 0.4% in the 3rd quarter. Moors & Cabot Inc. now owns 368,975 shares of the company’s stock worth $18,633,000 after purchasing an additional 1,305 shares during the last quarter. Finally, Magnolia Capital Advisors LLC bought a new position in Grayscale Bitcoin Trust in the 2nd quarter worth about $14,810,000.

Grayscale Bitcoin Trust Price Performance

GBTC stock traded down $0.92 during trading on Monday, hitting $74.16. 3,111,472 shares of the stock traded hands, compared to its average volume of 3,240,000. The stock has a market cap of $37.87 billion, a price-to-earnings ratio of 2.29 and a beta of 1.25. Grayscale Bitcoin Trust has a 1 year low of $34.31 and a 1 year high of $86.11. The firm’s 50 day moving average is $74.55 and its two-hundred day moving average is $59.27.

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.