Verde Capital Management Sells 3,113 Shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Verde Capital Management lessened its holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 5.1% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 57,503 shares of the company’s stock after selling 3,113 shares during the period. Grayscale Bitcoin Trust comprises approximately 1.2% of Verde Capital Management’s holdings, making the stock its 16th biggest position. Verde Capital Management’s holdings in Grayscale Bitcoin Trust were worth $4,256,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Armstrong Advisory Group Inc. boosted its stake in shares of Grayscale Bitcoin Trust by 310.0% during the 4th quarter. Armstrong Advisory Group Inc. now owns 410 shares of the company’s stock worth $30,000 after acquiring an additional 310 shares during the last quarter. West Oak Capital LLC raised its holdings in 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 purchasing an additional 320 shares during the period. ORG Wealth Partners LLC purchased a new position in Grayscale Bitcoin Trust during the third quarter valued at $46,000. Future Financial Wealth Managment LLC bought a new stake in Grayscale Bitcoin Trust during the third quarter valued at about $50,000. Finally, Icon Wealth Advisors LLC bought a new position in shares of Grayscale Bitcoin Trust in the third quarter worth about $53,000.

Grayscale Bitcoin Trust Trading Down 1.0 %

NYSEARCA GBTC opened at $81.90 on Friday. Grayscale Bitcoin Trust has a 12 month low of $35.22 and a 12 month high of $86.11. The stock has a market cap of $41.83 billion, a price-to-earnings ratio of 2.29 and a beta of 1.25. The company’s 50 day moving average is $77.33 and its two-hundred day moving average is $60.71.

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.