Newbridge Financial Services Group Inc. Sells 25,590 Shares of Grayscale Bitcoin Trust ETF $GBTC

Newbridge Financial Services Group Inc. trimmed its holdings in shares of Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 83.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,182 shares of the company’s stock after selling 25,590 shares during the period. Newbridge Financial Services Group Inc.’s holdings in Grayscale Bitcoin Trust ETF were worth $354,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Jump Financial LLC acquired a new position in Grayscale Bitcoin Trust ETF during the third quarter valued at approximately $11,599,000. Ieq Capital LLC grew its holdings in Grayscale Bitcoin Trust ETF by 400.6% during the second quarter. Ieq Capital LLC now owns 113,310 shares of the company’s stock valued at $9,612,000 after purchasing an additional 90,675 shares during the period. Osaic Holdings Inc. grew its holdings in Grayscale Bitcoin Trust ETF by 180.4% during the second quarter. Osaic Holdings Inc. now owns 70,124 shares of the company’s stock valued at $5,949,000 after purchasing an additional 45,112 shares during the period. Creative Planning grew its holdings in Grayscale Bitcoin Trust ETF by 40.5% during the third quarter. Creative Planning now owns 135,202 shares of the company’s stock valued at $12,137,000 after purchasing an additional 38,955 shares during the period. Finally, Corient Private Wealth LLC grew its holdings in Grayscale Bitcoin Trust ETF by 203.6% during the second quarter. Corient Private Wealth LLC now owns 49,653 shares of the company’s stock valued at $4,212,000 after purchasing an additional 33,299 shares during the period.

Grayscale Bitcoin Trust ETF Stock Performance

Shares of NYSEARCA GBTC opened at $53.70 on Wednesday. The stock has a market cap of $12.93 billion, a P/E ratio of 2.23 and a beta of 2.24. The firm has a 50 day moving average price of $54.71 and a 200 day moving average price of $69.47. Grayscale Bitcoin Trust ETF has a 52-week low of $48.56 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.