Nvwm LLC Acquires 12,708 Shares of Grayscale Bitcoin Trust ETF $GBTC

Nvwm LLC grew its stake in Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 5,573.7% during the second quarter, HoldingsChannel reports. The fund owned 12,936 shares of the company’s stock after acquiring an additional 12,708 shares during the quarter. Nvwm LLC’s holdings in Grayscale Bitcoin Trust ETF were worth $1,097,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in GBTC. Atlantic Union Bankshares Corp bought a new stake in Grayscale Bitcoin Trust ETF during the second quarter valued at about $42,000. Hurley Capital LLC bought a new position in shares of Grayscale Bitcoin Trust ETF during the 1st quarter worth approximately $34,000. First Horizon Advisors Inc. lifted its position in Grayscale Bitcoin Trust ETF by 36.9% during the second quarter. First Horizon Advisors Inc. now owns 575 shares of the company’s stock valued at $49,000 after acquiring an additional 155 shares during the last quarter. Flaharty Asset Management LLC acquired a new stake in Grayscale Bitcoin Trust ETF in the first quarter valued at approximately $39,000. Finally, Cornerstone Planning Group LLC grew its holdings in Grayscale Bitcoin Trust ETF by 600.0% in the first quarter. Cornerstone Planning Group LLC now owns 875 shares of the company’s stock worth $57,000 after purchasing an additional 750 shares during the last quarter.

Grayscale Bitcoin Trust ETF Trading Down 2.9%

Shares of GBTC opened at $78.98 on Friday. The firm has a market cap of $19.01 billion, a PE ratio of 2.23 and a beta of 2.40. Grayscale Bitcoin Trust ETF has a 12 month low of $59.29 and a 12 month high of $99.12. The stock has a fifty day moving average price of $88.43 and a 200-day moving average price of $86.48.

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.