Royal Fund Management LLC Lowers Holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Royal Fund Management LLC reduced its stake in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 50.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,750 shares of the company’s stock after selling 2,750 shares during the period. Royal Fund Management LLC’s holdings in Grayscale Bitcoin Trust were worth $204,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of GBTC. AE Wealth Management LLC grew its position in Grayscale Bitcoin Trust by 611.0% during the second quarter. AE Wealth Management LLC now owns 33,603 shares of the company’s stock valued at $1,789,000 after acquiring an additional 28,877 shares during the period. EverSource Wealth Advisors LLC grew its holdings in shares of Grayscale Bitcoin Trust by 286.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,933 shares of the company’s stock worth $257,000 after purchasing an additional 3,658 shares during the period. Bank of Montreal Can increased its position in Grayscale Bitcoin Trust by 80.5% during the 2nd quarter. Bank of Montreal Can now owns 19,128 shares of the company’s stock worth $1,057,000 after purchasing an additional 8,533 shares in the last quarter. Insigneo Advisory Services LLC purchased a new position in Grayscale Bitcoin Trust in the second quarter valued at approximately $387,000. Finally, Affinity Capital Advisors LLC acquired a new position in Grayscale Bitcoin Trust during the second quarter valued at approximately $269,000.

Grayscale Bitcoin Trust Stock Up 1.3 %

Grayscale Bitcoin Trust stock opened at $84.12 on Wednesday. The firm has a fifty day moving average of $76.85 and a 200-day moving average of $60.32. Grayscale Bitcoin Trust has a 52-week low of $34.31 and a 52-week high of $86.11. The firm has a market capitalization of $42.96 billion, a P/E ratio of 2.29 and a beta of 1.25.

Grayscale Bitcoin Trust 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.