Indie Asset Partners LLC Sells 525 Shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Indie Asset Partners LLC cut its holdings in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 2.6% during the third quarter, Holdings Channel.com reports. The firm owned 19,494 shares of the company’s stock after selling 525 shares during the period. Grayscale Bitcoin Trust makes up 0.7% of Indie Asset Partners LLC’s holdings, making the stock its 18th biggest holding. Indie Asset Partners LLC’s holdings in Grayscale Bitcoin Trust were worth $984,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of GBTC. DHJJ Financial Advisors Ltd. bought a new position in Grayscale Bitcoin Trust in the second quarter worth about $26,000. Global Wealth Strategies & Associates bought a new position in shares of Grayscale Bitcoin Trust during the 2nd quarter worth approximately $27,000. ZRC Wealth Management LLC bought a new position in shares of Grayscale Bitcoin Trust during the 2nd quarter worth approximately $29,000. West Oak Capital LLC lifted its position in Grayscale Bitcoin Trust by 100.0% during the third quarter. West Oak Capital LLC now owns 640 shares of the company’s stock valued at $32,000 after acquiring an additional 320 shares during the last quarter. Finally, Avondale Wealth Management acquired a new stake in Grayscale Bitcoin Trust in the second quarter valued at approximately $33,000.

Grayscale Bitcoin Trust Trading Down 1.1 %

Shares of GBTC stock opened at $55.01 on Friday. Grayscale Bitcoin Trust has a 12-month low of $26.55 and a 12-month high of $65.61. The business’s fifty day simple moving average is $50.10 and its 200-day simple moving average is $53.49. The company has a market cap of $28.09 billion, a PE 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.