White Knight Strategic Wealth Advisors LLC Sells 430 Shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC)

White Knight Strategic Wealth Advisors LLC lessened its holdings in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 1.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 23,740 shares of the company’s stock after selling 430 shares during the quarter. Grayscale Bitcoin Trust comprises 1.1% of White Knight Strategic Wealth Advisors LLC’s portfolio, making the stock its 23rd biggest holding. White Knight Strategic Wealth Advisors LLC’s holdings in Grayscale Bitcoin Trust were worth $1,199,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in GBTC. Greenwich Wealth Management LLC lifted its stake in Grayscale Bitcoin Trust by 99.9% in the 3rd quarter. Greenwich Wealth Management LLC now owns 1,076,820 shares of the company’s stock worth $54,379,000 after purchasing an additional 538,256 shares in the last quarter. LPL Financial LLC increased its holdings in shares of Grayscale Bitcoin Trust by 7.1% in the second quarter. LPL Financial LLC now owns 1,030,932 shares of the company’s stock worth $54,887,000 after purchasing an additional 68,698 shares during the last quarter. Mad River Investors lifted its position in shares of Grayscale Bitcoin Trust by 26.7% in the third quarter. Mad River Investors now owns 389,745 shares of the company’s stock worth $19,682,000 after buying an additional 82,187 shares in the last quarter. Moors & Cabot Inc. boosted its stake in Grayscale Bitcoin Trust by 0.4% during the third quarter. Moors & Cabot Inc. now owns 368,975 shares of the company’s stock valued at $18,633,000 after buying an additional 1,305 shares during the last quarter. Finally, Cetera Investment Advisers purchased a new position in Grayscale Bitcoin Trust during the 1st quarter valued at approximately $22,576,000.

Grayscale Bitcoin Trust Price Performance

NYSEARCA:GBTC opened at $77.09 on Friday. The company has a market cap of $39.37 billion, a price-to-earnings ratio of 2.29 and a beta of 1.25. Grayscale Bitcoin Trust has a 1 year low of $30.01 and a 1 year high of $79.34. The stock’s 50 day simple moving average is $59.31 and its two-hundred day simple moving average is $55.51.

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.