CENTRAL TRUST Co Sells 925 Shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC)

CENTRAL TRUST Co cut its position in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 38.1% in the 3rd quarter, Holdings Channel.com reports. The firm owned 1,500 shares of the company’s stock after selling 925 shares during the period. CENTRAL TRUST Co’s holdings in Grayscale Bitcoin Trust were worth $76,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. Jane Street Group LLC bought a new position in Grayscale Bitcoin Trust in the 1st quarter valued at approximately $117,350,000. Farallon Capital Management LLC bought a new position in shares of Grayscale Bitcoin Trust during the first quarter valued at $85,221,000. Sloy Dahl & Holst LLC acquired a new position in shares of Grayscale Bitcoin Trust during the first quarter worth $32,959,000. Bracebridge Capital LLC bought a new stake in shares of Grayscale Bitcoin Trust in the first quarter worth $26,526,000. Finally, Mad River Investors acquired a new stake in Grayscale Bitcoin Trust in the first quarter valued at $25,251,000.

Grayscale Bitcoin Trust Trading Down 2.3 %

Shares of GBTC opened at $53.09 on Monday. The stock’s 50-day moving average price is $49.34 and its two-hundred day moving average price is $53.61. Grayscale Bitcoin Trust has a 12 month low of $24.85 and a 12 month high of $65.61. The company has a market capitalization of $27.11 billion, a PE ratio of 2.29 and a beta of 1.25.

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.