Concurrent Investment Advisors LLC Has $799,000 Stake in Grayscale Bitcoin Trust ETF $GBTC

Concurrent Investment Advisors LLC lifted its holdings in shares of Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 79.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,422 shares of the company’s stock after purchasing an additional 4,159 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Grayscale Bitcoin Trust ETF were worth $799,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Palacios Wealth Management LLC acquired a new stake in shares of Grayscale Bitcoin Trust ETF during the first quarter worth $65,170,000. DRW Securities LLC raised its stake 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 purchasing an additional 331,538 shares during the period. SCS Capital Management LLC acquired a new stake in shares of Grayscale Bitcoin Trust ETF in the 1st quarter valued at about $4,950,000. Cresset Asset Management LLC lifted its holdings in shares of Grayscale Bitcoin Trust ETF by 27.0% in the first quarter. Cresset Asset Management LLC now owns 299,976 shares of the company’s stock valued at $19,549,000 after purchasing an additional 63,749 shares in the last quarter. Finally, Ethos Financial Group LLC acquired a new position in shares of Grayscale Bitcoin Trust ETF during the first quarter worth about $3,468,000.

Grayscale Bitcoin Trust ETF Stock Performance

Shares of Grayscale Bitcoin Trust ETF stock opened at $84.80 on Friday. The firm has a market cap of $20.42 billion, a PE ratio of 2.23 and a beta of 2.47. The business’s 50 day simple moving average is $90.17 and its 200 day simple moving average is $84.30. Grayscale Bitcoin Trust ETF has a 52-week low of $51.83 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.