Grayscale Bitcoin Trust (NYSEARCA:GBTC) Shares Sold by LFA Lugano Financial Advisors SA

LFA Lugano Financial Advisors SA lowered its stake in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 33.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,835 shares of the company’s stock after selling 915 shares during the quarter. LFA Lugano Financial Advisors SA’s holdings in Grayscale Bitcoin Trust were worth $136,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the stock. Armstrong Advisory Group Inc. increased its holdings in Grayscale Bitcoin Trust by 310.0% in the fourth quarter. Armstrong Advisory Group Inc. now owns 410 shares of the company’s stock worth $30,000 after buying an additional 310 shares during the last quarter. Activest Wealth Management raised its position in shares of Grayscale Bitcoin Trust by 53.0% during the fourth quarter. Activest Wealth Management now owns 404 shares of the company’s stock valued at $30,000 after buying an additional 140 shares during the last quarter. Synergy Investment Management LLC bought a new position in Grayscale Bitcoin Trust in the fourth quarter worth $30,000. Cullen Frost Bankers Inc. bought a new stake in Grayscale Bitcoin Trust in the fourth quarter valued at about $36,000. Finally, Bear Mountain Capital Inc. raised its stake in Grayscale Bitcoin Trust by 162.5% during the fourth quarter. Bear Mountain Capital Inc. now owns 525 shares of the company’s stock worth $43,000 after acquiring an additional 325 shares in the last quarter.

Grayscale Bitcoin Trust Stock Performance

Grayscale Bitcoin Trust stock opened at $65.57 on Thursday. The business’s fifty day moving average is $75.72 and its two-hundred day moving average is $66.31. Grayscale Bitcoin Trust has a 52 week low of $39.56 and a 52 week high of $86.11. The firm has a market cap of $16.22 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.