DeDora Capital Inc. decreased its holdings in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC – Free Report) by 10.8% in the third quarter, HoldingsChannel reports. The firm owned 4,663 shares of the company’s stock after selling 563 shares during the quarter. DeDora Capital Inc.’s holdings in Grayscale Bitcoin Trust were worth $235,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. DHJJ Financial Advisors Ltd. purchased a new position in shares of Grayscale Bitcoin Trust during the 2nd quarter worth approximately $26,000. Dixon Mitchell Investment Counsel Inc. purchased a new position in Grayscale Bitcoin Trust during the first quarter valued at $27,000. Global Wealth Strategies & Associates purchased a new stake in shares of Grayscale Bitcoin Trust in the 2nd quarter worth about $27,000. Toth Financial Advisory Corp bought a new position in shares of Grayscale Bitcoin Trust in the 1st quarter worth about $28,000. Finally, Hollencrest Capital Management purchased a new position in Grayscale Bitcoin Trust during the 1st quarter valued at about $28,000.
Grayscale Bitcoin Trust Trading Down 0.9 %
GBTC traded down $0.49 during midday trading on Tuesday, reaching $53.40. The company’s stock had a trading volume of 643,389 shares, compared to its average volume of 9,391,233. The stock’s 50-day moving average is $48.83 and its 200-day moving average is $53.78. Grayscale Bitcoin Trust has a 1 year low of $23.92 and a 1 year high of $65.61. The firm has a market capitalization of $27.27 billion, a price-to-earnings ratio of 2.29 and a beta of 1.25.
Grayscale Bitcoin Trust Company 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.
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Want to see what other hedge funds are holding GBTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Grayscale Bitcoin Trust (NYSEARCA:GBTC – Free Report).
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