International Assets Investment Management LLC Has $392,000 Holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

International Assets Investment Management LLC cut its position in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 97.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,080 shares of the company’s stock after selling 188,335 shares during the quarter. International Assets Investment Management LLC’s holdings in Grayscale Bitcoin Trust were worth $392,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Synovus Financial Corp raised its holdings in shares of Grayscale Bitcoin Trust by 0.8% in the 3rd quarter. Synovus Financial Corp now owns 20,956 shares of the company’s stock worth $1,058,000 after buying an additional 169 shares in the last quarter. Flagstar Advisors Inc. lifted its stake in shares of Grayscale Bitcoin Trust by 2.7% in the 3rd quarter. Flagstar Advisors Inc. now owns 7,472 shares of the company’s stock valued at $377,000 after purchasing an additional 196 shares during the period. Cornerstone Wealth Management LLC raised its position in shares of Grayscale Bitcoin Trust by 6.7% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 4,100 shares of the company’s stock valued at $207,000 after acquiring an additional 257 shares during the period. Sound Income Strategies LLC raised its stake in Grayscale Bitcoin Trust by 6.3% during the 3rd quarter. Sound Income Strategies LLC now owns 4,651 shares of the company’s stock worth $235,000 after buying an additional 276 shares during the period. Finally, Bedell Frazier Investment Counselling LLC raised its holdings in Grayscale Bitcoin Trust by 3.4% during the 3rd quarter. Bedell Frazier Investment Counselling LLC now owns 9,612 shares of the company’s stock worth $485,000 after buying an additional 315 shares during the period.

Grayscale Bitcoin Trust Price Performance

GBTC stock opened at $75.08 on Friday. The business has a 50-day moving average of $74.55 and a 200-day moving average of $59.23. Grayscale Bitcoin Trust has a fifty-two week low of $34.31 and a fifty-two week high of $86.11. The stock has a market capitalization of $38.34 billion, a P/E 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.