Grayscale Bitcoin Trust (NYSEARCA:GBTC) Shares Sold by Aries Wealth Management

Aries Wealth Management trimmed its position in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 4.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,316 shares of the company’s stock after selling 700 shares during the quarter. Aries Wealth Management’s holdings in Grayscale Bitcoin Trust were worth $1,134,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in GBTC. Activest Wealth Management raised its holdings in Grayscale Bitcoin Trust by 53.0% in the 4th 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 increased its holdings in shares of 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 purchasing an additional 146 shares during the last quarter. Synovus Financial Corp lifted its position in Grayscale Bitcoin Trust by 0.8% during the third quarter. Synovus Financial Corp now owns 20,956 shares of the company’s stock worth $1,058,000 after buying an additional 169 shares in the last quarter. Flagstar Advisors Inc. boosted its stake in Grayscale Bitcoin Trust by 2.7% during the third quarter. Flagstar Advisors Inc. now owns 7,472 shares of the company’s stock worth $377,000 after buying an additional 196 shares during the last quarter. Finally, Choreo LLC boosted its stake in Grayscale Bitcoin Trust by 0.8% during the fourth quarter. Choreo LLC now owns 27,301 shares of the company’s stock worth $2,026,000 after buying an additional 212 shares during the last quarter.

Grayscale Bitcoin Trust Stock Down 0.8 %

Shares of GBTC opened at $76.22 on Friday. Grayscale Bitcoin Trust has a 52-week low of $39.56 and a 52-week high of $86.11. The stock has a fifty day simple moving average of $78.52 and a two-hundred day simple moving average of $63.18. The company has a market capitalization of $38.93 billion, a PE ratio of 2.29 and a beta of 1.25.

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.