Jane Street Group LLC Cuts Stake in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Jane Street Group LLC lessened its holdings in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 68.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 98,350 shares of the company’s stock after selling 212,668 shares during the period. Jane Street Group LLC’s holdings in Grayscale Bitcoin Trust were worth $4,967,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in GBTC. West Oak Capital LLC grew its position in Grayscale Bitcoin Trust by 100.0% during the 3rd quarter. West Oak Capital LLC now owns 640 shares of the company’s stock worth $32,000 after purchasing an additional 320 shares during the last quarter. Asset Dedication LLC acquired a new stake in shares of Grayscale Bitcoin Trust during the second quarter worth $40,000. CWM LLC acquired a new position in shares of Grayscale Bitcoin Trust in the 2nd quarter valued at $42,000. Hollencrest Capital Management raised its stake in Grayscale Bitcoin Trust by 88.9% in the 2nd quarter. Hollencrest Capital Management now owns 850 shares of the company’s stock worth $45,000 after acquiring an additional 400 shares during the last quarter. Finally, ORG Wealth Partners LLC acquired a new stake in Grayscale Bitcoin Trust during the 3rd quarter worth about $46,000.

Grayscale Bitcoin Trust Stock Performance

Shares of GBTC stock opened at $84.02 on Tuesday. Grayscale Bitcoin Trust has a fifty-two week low of $33.39 and a fifty-two week high of $85.71. The firm has a market capitalization of $42.91 billion, a PE ratio of 2.29 and a beta of 1.25. The stock’s 50-day simple moving average is $64.95 and its 200-day simple moving average is $56.73.

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.