VitalStone Financial LLC lowered its stake in Grayscale Bitcoin Trust (NYSEARCA:GBTC – Free Report) by 4.7% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 19,874 shares of the company’s stock after selling 985 shares during the period. Grayscale Bitcoin Trust makes up 0.8% of VitalStone Financial LLC’s portfolio, making the stock its 26th largest holding. VitalStone Financial LLC’s holdings in Grayscale Bitcoin Trust were worth $1,058,000 as of its most recent filing with the SEC.
Several other large investors have also recently bought and sold shares of GBTC. DHJJ Financial Advisors Ltd. bought a new stake in shares of Grayscale Bitcoin Trust in the second quarter valued at about $26,000. Dixon Mitchell Investment Counsel Inc. acquired a new stake in Grayscale Bitcoin Trust in the 1st quarter worth about $27,000. Global Wealth Strategies & Associates bought a new stake in Grayscale Bitcoin Trust in the 2nd quarter valued at about $27,000. YHB Investment Advisors Inc. acquired a new position in shares of Grayscale Bitcoin Trust during the 1st quarter worth approximately $28,000. Finally, Toth Financial Advisory Corp bought a new position in shares of Grayscale Bitcoin Trust during the first quarter worth approximately $28,000.
Grayscale Bitcoin Trust Trading Up 1.5 %
NYSEARCA GBTC opened at $46.19 on Wednesday. The company has a market cap of $23.59 billion, a price-to-earnings ratio of 2.29 and a beta of 1.25. The company has a 50 day moving average of $50.47 and a 200-day moving average of $55.70. Grayscale Bitcoin Trust has a 1-year low of $18.04 and a 1-year high of $65.61.
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.
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