Grayscale Bitcoin Trust (NYSEARCA:GBTC) Position Lowered by Greenwich Wealth Management LLC

Greenwich Wealth Management LLC decreased its holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 0.4% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 538,564 shares of the company’s stock after selling 2,108 shares during the quarter. Grayscale Bitcoin Trust accounts for approximately 2.1% of Greenwich Wealth Management LLC’s holdings, making the stock its 6th biggest position. Greenwich Wealth Management LLC’s holdings in Grayscale Bitcoin Trust were worth $28,673,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Warberg Asset Management LLC bought a new position in shares of Grayscale Bitcoin Trust during the 2nd quarter valued at $337,000. Vima LLC lifted its holdings in Grayscale Bitcoin Trust by 23.3% in the second quarter. Vima LLC now owns 4,949 shares of the company’s stock valued at $263,000 after acquiring an additional 936 shares during the period. LPL Financial LLC boosted its position in Grayscale Bitcoin Trust by 7.1% in the second quarter. LPL Financial LLC now owns 1,030,932 shares of the company’s stock worth $54,887,000 after purchasing an additional 68,698 shares during the last quarter. HHM Wealth Advisors LLC boosted its position in Grayscale Bitcoin Trust by 15.4% in the second quarter. HHM Wealth Advisors LLC now owns 3,740 shares of the company’s stock worth $199,000 after purchasing an additional 500 shares during the last quarter. Finally, Blue Square Asset Management LLC grew its stake in shares of Grayscale Bitcoin Trust by 11.4% during the 2nd quarter. Blue Square Asset Management LLC now owns 92,334 shares of the company’s stock valued at $4,916,000 after purchasing an additional 9,430 shares during the period.

Grayscale Bitcoin Trust Stock Up 2.4 %

Shares of NYSEARCA:GBTC opened at $47.64 on Monday. The stock has a market capitalization of $24.33 billion, a PE ratio of 2.29 and a beta of 1.25. The firm’s 50 day moving average price is $50.12 and its 200-day moving average price is $55.61. Grayscale Bitcoin Trust has a twelve month low of $18.04 and a twelve month high of $65.61.

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.