Fmr LLC Sells 4,305 Shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Fmr LLC decreased its stake in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 63.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,498 shares of the company’s stock after selling 4,305 shares during the quarter. Fmr LLC’s holdings in Grayscale Bitcoin Trust were worth $126,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of GBTC. Flagstar Advisors Inc. grew its position in shares of Grayscale Bitcoin Trust by 2.7% during the third quarter. Flagstar Advisors Inc. now owns 7,472 shares of the company’s stock valued at $377,000 after purchasing an additional 196 shares in the last quarter. Cornerstone Wealth Management LLC raised its stake in Grayscale Bitcoin Trust by 6.7% during the third quarter. Cornerstone Wealth Management LLC now owns 4,100 shares of the company’s stock valued at $207,000 after purchasing an additional 257 shares in the last quarter. Sound Income Strategies LLC lifted its position in Grayscale Bitcoin Trust by 6.3% during the third quarter. Sound Income Strategies LLC now owns 4,651 shares of the company’s stock valued at $235,000 after purchasing an additional 276 shares during the last quarter. Bedell Frazier Investment Counselling LLC grew its stake in shares of Grayscale Bitcoin Trust by 3.4% in the 3rd quarter. Bedell Frazier Investment Counselling LLC now owns 9,612 shares of the company’s stock worth $485,000 after buying an additional 315 shares in the last quarter. Finally, West Oak Capital LLC increased its holdings in shares of Grayscale Bitcoin Trust by 100.0% in the 3rd quarter. West Oak Capital LLC now owns 640 shares of the company’s stock worth $32,000 after buying an additional 320 shares during the last quarter.

Grayscale Bitcoin Trust Trading Up 0.2 %

Shares of NYSEARCA:GBTC opened at $76.47 on Monday. The company has a 50-day moving average price of $68.06 and a 200 day moving average price of $57.38. Grayscale Bitcoin Trust has a 12 month low of $33.95 and a 12 month high of $86.11. The company has a market cap of $39.05 billion, a price-to-earnings ratio of 2.29 and a beta of 1.25.

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.