Grayscale Bitcoin Trust (NYSEARCA:GBTC) Shares Sold by Ascension Capital Advisors Inc.

Ascension Capital Advisors Inc. decreased its holdings in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 2.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 72,191 shares of the company’s stock after selling 2,019 shares during the quarter. Grayscale Bitcoin Trust makes up approximately 2.3% of Ascension Capital Advisors Inc.’s portfolio, making the stock its 14th biggest position. Ascension Capital Advisors Inc.’s holdings in Grayscale Bitcoin Trust were worth $5,344,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Wealth Quarterback LLC purchased a new position in shares of Grayscale Bitcoin Trust during the fourth quarter worth about $215,000. Arkadios Wealth Advisors purchased a new position in Grayscale Bitcoin Trust during the 4th quarter worth approximately $245,000. RFG Advisory LLC acquired a new position in Grayscale Bitcoin Trust during the fourth quarter worth approximately $262,000. Avior Wealth Management LLC lifted its stake in Grayscale Bitcoin Trust by 225.5% in the fourth quarter. Avior Wealth Management LLC now owns 1,621 shares of the company’s stock valued at $120,000 after buying an additional 1,123 shares during the last quarter. Finally, SJS Investment Consulting Inc. lifted its stake in Grayscale Bitcoin Trust by 109.7% in the fourth quarter. SJS Investment Consulting Inc. now owns 57,565 shares of the company’s stock valued at $4,261,000 after buying an additional 30,112 shares during the last quarter.

Grayscale Bitcoin Trust Trading Down 6.3 %

Shares of GBTC opened at $69.62 on Wednesday. The company’s 50 day simple moving average is $77.64 and its 200-day simple moving average is $64.93. The firm has a market cap of $17.60 billion, a PE ratio of 2.23 and a beta of 2.51. Grayscale Bitcoin Trust has a 12-month low of $39.56 and a 12-month high of $86.11.

About Grayscale Bitcoin Trust

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.