Grayscale Bitcoin Trust (NYSEARCA:GBTC) Shares Sold by Good Life Advisors LLC

Good Life Advisors LLC trimmed its holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 64.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,711 shares of the company’s stock after selling 6,861 shares during the period. Good Life Advisors LLC’s holdings in Grayscale Bitcoin Trust were worth $275,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of GBTC. Activest Wealth Management increased its position in Grayscale Bitcoin Trust by 53.0% during the fourth 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. Armstrong Advisory Group Inc. increased its position in Grayscale Bitcoin Trust by 310.0% during the fourth quarter. Armstrong Advisory Group Inc. now owns 410 shares of the company’s stock worth $30,000 after purchasing an additional 310 shares during the last quarter. Financial Life Planners acquired a new stake in Grayscale Bitcoin Trust during the fourth quarter worth about $61,000. West Oak Capital LLC increased its position in Grayscale Bitcoin Trust by 53.1% during the fourth quarter. West Oak Capital LLC now owns 980 shares of the company’s stock worth $73,000 after purchasing an additional 340 shares during the last quarter. Finally, Icon Wealth Advisors LLC acquired a new stake in Grayscale Bitcoin Trust during the third quarter worth about $53,000.

Grayscale Bitcoin Trust Trading Down 3.8 %

Grayscale Bitcoin Trust stock opened at $75.06 on Friday. Grayscale Bitcoin Trust has a 12-month low of $39.56 and a 12-month high of $86.11. The stock has a market cap of $18.97 billion, a P/E ratio of 2.23 and a beta of 2.51. The company has a 50-day moving average price of $78.25 and a 200 day moving average price of $64.09.

About Grayscale Bitcoin Trust

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.