Grayscale Bitcoin Trust (NYSEARCA:GBTC) Shares Sold by WealthPlan Investment Management LLC

WealthPlan Investment Management LLC trimmed its position in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 1.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 32,178 shares of the company’s stock after selling 329 shares during the quarter. WealthPlan Investment Management LLC’s holdings in Grayscale Bitcoin Trust were worth $2,382,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Armstrong Advisory Group Inc. grew its holdings in shares of Grayscale Bitcoin Trust by 310.0% during the fourth quarter. Armstrong Advisory Group Inc. now owns 410 shares of the company’s stock worth $30,000 after buying an additional 310 shares in the last quarter. Activest Wealth Management raised its holdings in 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 acquiring an additional 140 shares during the last quarter. West Oak Capital LLC lifted its stake in shares of Grayscale Bitcoin Trust by 100.0% during 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. Icon Wealth Advisors LLC acquired a new stake in shares of Grayscale Bitcoin Trust during the third quarter worth $53,000. Finally, Safe Harbor Fiduciary LLC acquired a new position in Grayscale Bitcoin Trust in the third quarter valued at $56,000.

Grayscale Bitcoin Trust Trading Up 1.0 %

Shares of NYSEARCA:GBTC opened at $77.01 on Friday. Grayscale Bitcoin Trust has a 12-month low of $39.56 and a 12-month high of $86.11. The stock’s 50-day moving average price is $78.47 and its two-hundred day moving average price is $63.27. The firm has a market cap of $39.33 billion, a price-to-earnings ratio of 2.29 and a beta of 1.25.

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.