Grayscale Bitcoin Trust ETF $GBTC Holdings Raised by HRC Wealth Management LLC

HRC Wealth Management LLC lifted its position in shares of Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 15.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,375 shares of the company’s stock after acquiring an additional 706 shares during the period. HRC Wealth Management LLC’s holdings in Grayscale Bitcoin Trust ETF were worth $456,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Palacios Wealth Management LLC bought a new stake in Grayscale Bitcoin Trust ETF during the first quarter valued at $65,170,000. DRW Securities LLC boosted its holdings in shares of Grayscale Bitcoin Trust ETF by 849.0% in the 1st quarter. DRW Securities LLC now owns 370,589 shares of the company’s stock valued at $24,151,000 after buying an additional 331,538 shares during the period. Cresset Asset Management LLC grew its position in shares of Grayscale Bitcoin Trust ETF by 27.0% during the 1st quarter. Cresset Asset Management LLC now owns 299,976 shares of the company’s stock valued at $19,549,000 after buying an additional 63,749 shares during the last quarter. TB Alternative Assets Ltd. raised its stake in Grayscale Bitcoin Trust ETF by 942.4% during the first quarter. TB Alternative Assets Ltd. now owns 290,203 shares of the company’s stock worth $18,913,000 after acquiring an additional 262,362 shares during the period. Finally, Kingswood Wealth Advisors LLC lifted its holdings in Grayscale Bitcoin Trust ETF by 0.7% in the first quarter. Kingswood Wealth Advisors LLC now owns 287,024 shares of the company’s stock worth $18,707,000 after acquiring an additional 1,957 shares during the last quarter.

Grayscale Bitcoin Trust ETF Stock Up 1.5%

Shares of GBTC stock opened at $96.36 on Monday. The company has a market cap of $23.20 billion, a P/E ratio of 2.23 and a beta of 2.47. The business has a 50 day moving average of $90.02 and a two-hundred day moving average of $83.01. Grayscale Bitcoin Trust ETF has a 52 week low of $46.83 and a 52 week high of $97.34.

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.