Curi RMB Capital LLC Sells 5,679 Shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Curi RMB Capital LLC decreased its position in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 16.5% during the 4th quarter, Holdings Channel reports. The firm owned 28,721 shares of the company’s stock after selling 5,679 shares during the period. Curi RMB Capital LLC’s holdings in Grayscale Bitcoin Trust were worth $2,126,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Proficio Capital Partners LLC lifted its holdings in Grayscale Bitcoin Trust by 4,462.7% in the 4th quarter. Proficio Capital Partners LLC now owns 2,103,962 shares of the company’s stock worth $155,735,000 after buying an additional 2,057,850 shares during the period. LPL Financial LLC lifted its stake in Grayscale Bitcoin Trust by 0.4% in the fourth quarter. LPL Financial LLC now owns 1,121,456 shares of the company’s stock worth $83,010,000 after acquiring an additional 4,728 shares during the period. Strategic Financial Concepts LLC bought a new stake in Grayscale Bitcoin Trust in the fourth quarter valued at $19,360,000. Aristides Capital LLC increased its position in Grayscale Bitcoin Trust by 12.1% during the 4th quarter. Aristides Capital LLC now owns 164,931 shares of the company’s stock valued at $12,208,000 after purchasing an additional 17,800 shares during the period. Finally, Mariner LLC raised its holdings in Grayscale Bitcoin Trust by 11.2% in the 4th quarter. Mariner LLC now owns 156,027 shares of the company’s stock worth $11,551,000 after purchasing an additional 15,775 shares in the last quarter.

Grayscale Bitcoin Trust Trading Up 0.7 %

Shares of GBTC opened at $67.09 on Monday. Grayscale Bitcoin Trust has a 1-year low of $39.56 and a 1-year high of $86.11. The firm’s 50-day moving average price is $68.18 and its 200-day moving average price is $69.95. The firm has a market capitalization of $16.20 billion, a price-to-earnings ratio of 2.23 and a beta of 2.56.

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.