Grayscale Bitcoin Trust (NYSEARCA:GBTC) Shares Sold by Atlas Private Wealth Advisors

Atlas Private Wealth Advisors decreased its stake in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 46.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,250 shares of the company’s stock after selling 3,673 shares during the quarter. Atlas Private Wealth Advisors’ holdings in Grayscale Bitcoin Trust were worth $315,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. RFG Advisory LLC acquired a new position in shares of Grayscale Bitcoin Trust in the 4th quarter valued at $262,000. Cornerstone Wealth Management LLC boosted its position in shares of Grayscale Bitcoin Trust by 5.5% in the 4th quarter. Cornerstone Wealth Management LLC now owns 4,324 shares of the company’s stock valued at $320,000 after purchasing an additional 224 shares during the period. Hengehold Capital Management LLC acquired a new position in shares of Grayscale Bitcoin Trust in the 4th quarter valued at $201,000. Red Door Wealth Management LLC boosted its position in Grayscale Bitcoin Trust by 1.5% during the 4th quarter. Red Door Wealth Management LLC now owns 97,841 shares of the company’s stock worth $7,242,000 after acquiring an additional 1,411 shares during the period. Finally, Avior Wealth Management LLC boosted its position in Grayscale Bitcoin Trust by 225.5% during the 4th quarter. Avior Wealth Management LLC now owns 1,621 shares of the company’s stock worth $120,000 after acquiring an additional 1,123 shares during the period.

Grayscale Bitcoin Trust Trading Up 1.6 %

Shares of NYSEARCA GBTC opened at $83.17 on Friday. Grayscale Bitcoin Trust has a one year low of $35.24 and a one year high of $86.11. The firm has a market capitalization of $42.48 billion, a PE ratio of 2.29 and a beta of 1.25. The business has a 50-day moving average price of $77.79 and a two-hundred day moving average price of $61.09.

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.