Grayscale Bitcoin Trust (NYSEARCA:GBTC) Stock Position Reduced by One Charles Private Wealth Services LLC

One Charles Private Wealth Services LLC lessened its stake in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 0.7% in the 3rd quarter, Holdings Channel reports. The firm owned 299,215 shares of the company’s stock after selling 1,987 shares during the period. Grayscale Bitcoin Trust makes up 5.7% of One Charles Private Wealth Services LLC’s investment portfolio, making the stock its 5th largest holding. One Charles Private Wealth Services LLC’s holdings in Grayscale Bitcoin Trust were worth $15,110,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Quent Capital LLC purchased a new position in shares of Grayscale Bitcoin Trust in the first quarter valued at $460,000. EP Wealth Advisors LLC bought a new position in Grayscale Bitcoin Trust during the first quarter valued at $399,000. Axxcess Wealth Management LLC purchased a new position in shares of Grayscale Bitcoin Trust in the 1st quarter worth $860,000. BOKF NA bought a new stake in shares of Grayscale Bitcoin Trust in the 1st quarter worth about $57,000. Finally, Beaird Harris Wealth Management LLC purchased a new stake in shares of Grayscale Bitcoin Trust during the 1st quarter valued at about $1,019,000.

Grayscale Bitcoin Trust Price Performance

NYSEARCA:GBTC opened at $78.87 on Friday. The firm has a market capitalization of $40.28 billion, a price-to-earnings ratio of 2.29 and a beta of 1.25. The business has a 50 day simple moving average of $56.59 and a 200-day simple moving average of $54.80. Grayscale Bitcoin Trust has a 1 year low of $29.88 and a 1 year high of $79.34.

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.