Leo Wealth LLC Sells 668 Shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Leo Wealth LLC cut its stake in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 6.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,820 shares of the company’s stock after selling 668 shares during the quarter. Leo Wealth LLC’s holdings in Grayscale Bitcoin Trust were worth $727,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Greenwich Wealth Management LLC grew its holdings in shares of Grayscale Bitcoin Trust by 99.9% during the third quarter. Greenwich Wealth Management LLC now owns 1,076,820 shares of the company’s stock worth $54,379,000 after purchasing an additional 538,256 shares during the last quarter. Mad River Investors grew its holdings in Grayscale Bitcoin Trust by 26.7% during the 3rd quarter. Mad River Investors now owns 389,745 shares of the company’s stock worth $19,682,000 after acquiring an additional 82,187 shares during the last quarter. Moors & Cabot Inc. increased its position in Grayscale Bitcoin Trust by 0.4% in the 3rd quarter. Moors & Cabot Inc. now owns 368,975 shares of the company’s stock valued at $18,633,000 after acquiring an additional 1,305 shares during the period. International Assets Investment Management LLC raised its stake in shares of Grayscale Bitcoin Trust by 4,950.0% during the third quarter. International Assets Investment Management LLC now owns 193,415 shares of the company’s stock valued at $97,670,000 after acquiring an additional 189,585 shares during the last quarter. Finally, Sequoia Financial Advisors LLC lifted its holdings in shares of Grayscale Bitcoin Trust by 2.9% during the third quarter. Sequoia Financial Advisors LLC now owns 180,068 shares of the company’s stock worth $9,093,000 after purchasing an additional 5,120 shares during the period.

Grayscale Bitcoin Trust Stock Down 1.2 %

NYSEARCA GBTC opened at $75.85 on Friday. The company has a market capitalization of $38.74 billion, a price-to-earnings ratio of 2.29 and a beta of 1.25. Grayscale Bitcoin Trust has a twelve month low of $39.56 and a twelve month high of $86.11. The stock has a fifty day simple moving average of $78.57 and a 200 day simple moving average of $62.66.

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.