Guild Investment Management Inc. Lowers Position in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Guild Investment Management Inc. lowered its holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 50.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 67,595 shares of the company’s stock after selling 67,595 shares during the period. Grayscale Bitcoin Trust accounts for about 5.4% of Guild Investment Management Inc.’s portfolio, making the stock its 4th largest position. Guild Investment Management Inc.’s holdings in Grayscale Bitcoin Trust were worth $5,003,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Synergy Investment Management LLC acquired a new stake in Grayscale Bitcoin Trust in the fourth quarter worth about $30,000. Activest Wealth Management boosted its stake in shares of Grayscale Bitcoin Trust by 53.0% in the 4th quarter. Activest Wealth Management now owns 404 shares of the company’s stock valued at $30,000 after purchasing an additional 140 shares during the last quarter. Armstrong Advisory Group Inc. boosted its stake in shares of Grayscale Bitcoin Trust by 310.0% in the 4th quarter. Armstrong Advisory Group Inc. now owns 410 shares of the company’s stock valued at $30,000 after purchasing an additional 310 shares during the last quarter. Cullen Frost Bankers Inc. acquired a new stake in shares of Grayscale Bitcoin Trust during the 4th quarter worth approximately $36,000. Finally, Bear Mountain Capital Inc. raised its stake in shares of Grayscale Bitcoin Trust by 162.5% during the fourth quarter. Bear Mountain Capital Inc. now owns 525 shares of the company’s stock worth $43,000 after buying an additional 325 shares during the last quarter.

Grayscale Bitcoin Trust Trading Up 5.2 %

NYSEARCA:GBTC opened at $65.70 on Wednesday. Grayscale Bitcoin Trust has a 1-year low of $39.56 and a 1-year high of $86.11. The firm has a market capitalization of $16.26 billion, a price-to-earnings ratio of 2.23 and a beta of 2.59. The business’s 50-day moving average price is $75.89 and its two-hundred day moving average price is $66.31.

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.