Interchange Capital Partners LLC trimmed its stake in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC – Free Report) by 0.8% during the third quarter, HoldingsChannel reports. The fund owned 40,004 shares of the company’s stock after selling 317 shares during the period. Interchange Capital Partners LLC’s holdings in Grayscale Bitcoin Trust were worth $2,020,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in GBTC. SeaCrest Wealth Management LLC bought a new stake in Grayscale Bitcoin Trust in the 1st quarter valued at approximately $370,000. J.W. Cole Advisors Inc. acquired a new position in Grayscale Bitcoin Trust during the first quarter worth $566,000. Private Advisor Group LLC bought a new position in Grayscale Bitcoin Trust in the first quarter valued at $1,393,000. Sequoia Financial Advisors LLC acquired a new stake in Grayscale Bitcoin Trust in the 1st quarter valued at $11,053,000. Finally, Mission Wealth Management LP bought a new stake in Grayscale Bitcoin Trust during the 1st quarter worth about $735,000.
Grayscale Bitcoin Trust Trading Up 1.8 %
Shares of Grayscale Bitcoin Trust stock traded up $1.00 during trading hours on Friday, reaching $56.61. 1,636,503 shares of the company’s stock were exchanged, compared to its average volume of 9,169,841. The stock has a market cap of $28.91 billion, a P/E ratio of 2.29 and a beta of 1.25. The company has a 50 day moving average of $50.02 and a two-hundred day moving average of $53.52. Grayscale Bitcoin Trust has a fifty-two week low of $26.55 and a fifty-two week high of $65.61.
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.
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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).
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