TB Alternative Assets Ltd. Sells 149,018 Shares of Grayscale Bitcoin Trust ETF $GBTC

TB Alternative Assets Ltd. trimmed its holdings in shares of Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 63.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 85,657 shares of the company’s stock after selling 149,018 shares during the quarter. Grayscale Bitcoin Trust ETF accounts for approximately 1.2% of TB Alternative Assets Ltd.’s investment portfolio, making the stock its 20th largest holding. TB Alternative Assets Ltd.’s holdings in Grayscale Bitcoin Trust ETF were worth $7,689,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. BCS Wealth Management increased its stake in Grayscale Bitcoin Trust ETF by 1.2% in the 2nd quarter. BCS Wealth Management now owns 9,151 shares of the company’s stock worth $776,000 after buying an additional 110 shares during the period. TD Waterhouse Canada Inc. increased its position in shares of Grayscale Bitcoin Trust ETF by 2.1% during the second quarter. TD Waterhouse Canada Inc. now owns 5,356 shares of the company’s stock worth $444,000 after acquiring an additional 111 shares during the period. Soltis Investment Advisors LLC increased its position in shares of Grayscale Bitcoin Trust ETF by 0.6% during the second quarter. Soltis Investment Advisors LLC now owns 20,088 shares of the company’s stock worth $1,704,000 after acquiring an additional 113 shares during the period. Axxcess Wealth Management LLC raised its stake in shares of Grayscale Bitcoin Trust ETF by 1.5% during the second quarter. Axxcess Wealth Management LLC now owns 7,871 shares of the company’s stock valued at $668,000 after acquiring an additional 118 shares in the last quarter. Finally, MAI Capital Management boosted its holdings in shares of Grayscale Bitcoin Trust ETF by 0.5% in the second quarter. MAI Capital Management now owns 23,861 shares of the company’s stock valued at $2,024,000 after purchasing an additional 125 shares during the period.

Grayscale Bitcoin Trust ETF Stock Up 0.3%

Shares of NYSEARCA:GBTC opened at $68.40 on Friday. The business’s 50 day moving average is $75.09 and its 200 day moving average is $84.26. The stock has a market cap of $16.47 billion, a P/E ratio of 2.23 and a beta of 2.40. Grayscale Bitcoin Trust ETF has a 52-week low of $59.79 and a 52-week high of $99.12.

About Grayscale Bitcoin Trust ETF

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.