Signaturefd LLC Trims Holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Signaturefd LLC decreased its stake in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 7.2% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 20,351 shares of the company’s stock after selling 1,582 shares during the period. Signaturefd LLC’s holdings in Grayscale Bitcoin Trust were worth $1,028,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Jane Street Group LLC bought a new position in shares of Grayscale Bitcoin Trust in the first quarter worth $117,350,000. Farallon Capital Management LLC bought a new position in Grayscale Bitcoin Trust in the 1st quarter worth about $85,221,000. Sloy Dahl & Holst LLC purchased a new stake in shares of Grayscale Bitcoin Trust in the 1st quarter valued at about $32,959,000. Bracebridge Capital LLC bought a new stake in shares of Grayscale Bitcoin Trust during the 1st quarter valued at about $26,526,000. Finally, Mad River Investors purchased a new position in shares of Grayscale Bitcoin Trust during the first quarter worth about $25,251,000.

Grayscale Bitcoin Trust Trading Down 1.5 %

GBTC stock opened at $52.83 on Thursday. Grayscale Bitcoin Trust has a 1-year low of $24.85 and a 1-year high of $65.61. The stock has a market cap of $26.98 billion, a price-to-earnings ratio of 2.29 and a beta of 1.25. The company’s 50 day moving average is $49.05 and its 200 day moving average is $53.73.

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.