Verus Capital Partners LLC Sells 1,097 Shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Verus Capital Partners LLC decreased its holdings in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 21.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,950 shares of the company’s stock after selling 1,097 shares during the period. Verus Capital Partners LLC’s holdings in Grayscale Bitcoin Trust were worth $292,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GBTC. Farther Finance Advisors LLC lifted its stake in Grayscale Bitcoin Trust by 193.8% during the third quarter. Farther Finance Advisors LLC now owns 3,664 shares of the company’s stock worth $185,000 after purchasing an additional 2,417 shares during the period. Greenwich Wealth Management LLC raised its stake in shares of Grayscale Bitcoin Trust by 99.9% in the third quarter. Greenwich Wealth Management LLC now owns 1,076,820 shares of the company’s stock valued at $54,379,000 after acquiring an additional 538,256 shares during the last quarter. Blue Square Asset Management LLC raised its stake in shares of Grayscale Bitcoin Trust by 16.2% in the third quarter. Blue Square Asset Management LLC now owns 107,323 shares of the company’s stock valued at $5,420,000 after acquiring an additional 14,989 shares during the last quarter. Silicon Valley Capital Partners raised its stake in shares of Grayscale Bitcoin Trust by 16.1% in the third quarter. Silicon Valley Capital Partners now owns 10,800 shares of the company’s stock valued at $545,000 after acquiring an additional 1,500 shares during the last quarter. Finally, Clarity Financial LLC bought a new position in shares of Grayscale Bitcoin Trust in the third quarter valued at approximately $1,502,000.

Grayscale Bitcoin Trust Trading Up 1.0 %

NYSEARCA:GBTC opened at $66.61 on Friday. Grayscale Bitcoin Trust has a 1 year low of $39.56 and a 1 year high of $86.11. The firm has a 50 day moving average of $76.98 and a 200-day moving average of $65.20. The stock has a market capitalization of $16.84 billion, a P/E ratio of 2.23 and a beta of 2.51.

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.