Sanctuary Advisors LLC Lowers Stock Position in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Sanctuary Advisors LLC lowered its position in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 5.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 36,332 shares of the company’s stock after selling 2,256 shares during the quarter. Sanctuary Advisors LLC’s holdings in Grayscale Bitcoin Trust were worth $2,689,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in GBTC. Greenwich Wealth Management LLC lifted its position in 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 valued at $54,379,000 after buying an additional 538,256 shares during the period. Strategic Financial Concepts LLC bought a new position in shares of Grayscale Bitcoin Trust during the fourth quarter valued at $19,360,000. International Assets Investment Management LLC increased its holdings 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 in the last quarter. Citrine Capital LLC bought a new position in shares of Grayscale Bitcoin Trust during the fourth quarter valued at $7,721,000. Finally, Larson Financial Group LLC increased its holdings in shares of Grayscale Bitcoin Trust by 204.3% during the third quarter. Larson Financial Group LLC now owns 102,433 shares of the company’s stock valued at $5,173,000 after acquiring an additional 68,768 shares in the last quarter.

Grayscale Bitcoin Trust Price Performance

Shares of NYSEARCA:GBTC opened at $75.06 on Friday. Grayscale Bitcoin Trust has a 1-year low of $39.56 and a 1-year high of $86.11. The business has a fifty day moving average price of $78.14 and a 200-day moving average price of $64.31. The company has a market capitalization of $18.97 billion, a PE ratio of 2.23 and a beta of 2.51.

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.