Grayscale Bitcoin Trust (NYSEARCA:GBTC) Shares Sold by Joel Isaacson & Co. LLC

Joel Isaacson & Co. LLC trimmed its holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 46.5% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 4,608 shares of the company’s stock after selling 4,000 shares during the period. Joel Isaacson & Co. LLC’s holdings in Grayscale Bitcoin Trust were worth $233,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. DHJJ Financial Advisors Ltd. purchased a new position in Grayscale Bitcoin Trust in the 2nd quarter valued at $26,000. Dixon Mitchell Investment Counsel Inc. acquired a new stake in shares of Grayscale Bitcoin Trust in the 1st quarter worth $27,000. Global Wealth Strategies & Associates purchased a new stake in shares of Grayscale Bitcoin Trust in the second quarter valued at about $27,000. Toth Financial Advisory Corp acquired a new position in shares of Grayscale Bitcoin Trust during the first quarter worth about $28,000. Finally, Hollencrest Capital Management purchased a new position in Grayscale Bitcoin Trust during the first quarter worth about $28,000.

Grayscale Bitcoin Trust Trading Down 2.3 %

Shares of GBTC opened at $53.09 on Friday. The stock’s 50 day moving average is $49.34 and its two-hundred day moving average is $53.61. Grayscale Bitcoin Trust has a twelve month low of $24.85 and a twelve month high of $65.61. The firm has a market capitalization of $27.11 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.