MADDEN SECURITIES Corp Decreases Stock Holdings in Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC)

MADDEN SECURITIES Corp reduced its position in shares of Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 5.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,585 shares of the company’s stock after selling 500 shares during the period. MADDEN SECURITIES Corp’s holdings in Grayscale Bitcoin Trust ETF were worth $559,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Rothschild Investment LLC lifted its position in shares of Grayscale Bitcoin Trust ETF by 0.9% during the 4th quarter. Rothschild Investment LLC now owns 14,490 shares of the company’s stock worth $1,073,000 after purchasing an additional 130 shares during the last quarter. Activest Wealth Management lifted its position in shares of Grayscale Bitcoin Trust ETF by 53.0% during the 4th quarter. Activest Wealth Management now owns 404 shares of the company’s stock worth $30,000 after purchasing an additional 140 shares during the last quarter. Upper Left Wealth Management LLC lifted its position in shares of Grayscale Bitcoin Trust ETF by 0.8% during the 1st quarter. Upper Left Wealth Management LLC now owns 20,176 shares of the company’s stock worth $1,315,000 after purchasing an additional 162 shares during the last quarter. Pine Valley Investments Ltd Liability Co lifted its position in shares of Grayscale Bitcoin Trust ETF by 1.0% during the 4th quarter. Pine Valley Investments Ltd Liability Co now owns 16,906 shares of the company’s stock worth $1,251,000 after purchasing an additional 165 shares during the last quarter. Finally, Fiduciary Financial Group LLC lifted its position in shares of Grayscale Bitcoin Trust ETF by 1.4% during the 1st quarter. Fiduciary Financial Group LLC now owns 12,678 shares of the company’s stock worth $796,000 after purchasing an additional 177 shares during the last quarter.

Grayscale Bitcoin Trust ETF Price Performance

Shares of GBTC opened at $85.67 on Tuesday. Grayscale Bitcoin Trust ETF has a 1-year low of $39.56 and a 1-year high of $88.36. The stock has a market cap of $20.40 billion, a PE ratio of 2.23 and a beta of 2.51. The firm has a fifty day moving average price of $75.80 and a 200 day moving average price of $75.18.

About Grayscale Bitcoin Trust ETF

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.