Greenwich Wealth Management LLC Lowers Holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Greenwich Wealth Management LLC decreased its position in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 40.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 643,635 shares of the company’s stock after selling 433,185 shares during the quarter. Grayscale Bitcoin Trust accounts for approximately 3.1% of Greenwich Wealth Management LLC’s holdings, making the stock its 6th biggest holding. Greenwich Wealth Management LLC’s holdings in Grayscale Bitcoin Trust were worth $44,188,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Tidemark LLC grew its holdings in shares of Grayscale Bitcoin Trust by 65.5% in the 4th quarter. Tidemark LLC now owns 1,893 shares of the company’s stock worth $140,000 after purchasing an additional 749 shares during the last quarter. Carret Asset Management LLC grew its holdings in Grayscale Bitcoin Trust by 3.0% during the 4th quarter. Carret Asset Management LLC now owns 6,634 shares of the company’s stock worth $491,000 after acquiring an additional 196 shares during the last quarter. Madison Wealth Partners Inc bought a new stake in Grayscale Bitcoin Trust during the 4th quarter worth about $251,000. CFO4Life Group LLC bought a new stake in Grayscale Bitcoin Trust during the 4th quarter worth about $221,000. Finally, Balboa Wealth Partners bought a new stake in Grayscale Bitcoin Trust during the 4th quarter worth about $295,000.

Grayscale Bitcoin Trust Stock Up 5.6 %

Shares of NYSEARCA:GBTC opened at $66.95 on Friday. Grayscale Bitcoin Trust has a 12 month low of $39.56 and a 12 month high of $86.11. The company’s 50-day moving average price is $75.23 and its two-hundred day moving average price is $66.52. The firm has a market cap of $16.56 billion, a P/E ratio of 2.23 and a beta of 2.59.

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.