Walkner Condon Financial Advisors LLC Takes $220,000 Position in Grayscale Bitcoin Trust ETF $GBTC

Walkner Condon Financial Advisors LLC purchased a new position in shares of Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 2,588 shares of the company’s stock, valued at approximately $220,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Palacios Wealth Management LLC acquired a new position in shares of Grayscale Bitcoin Trust ETF during the 1st quarter worth approximately $65,170,000. DRW Securities LLC boosted its stake in shares of Grayscale Bitcoin Trust ETF by 849.0% in the first 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. SCS Capital Management LLC acquired a new stake in Grayscale Bitcoin Trust ETF during the first quarter worth approximately $4,950,000. Cresset Asset Management LLC grew its position in Grayscale Bitcoin Trust ETF by 27.0% during the first quarter. Cresset Asset Management LLC now owns 299,976 shares of the company’s stock worth $19,549,000 after buying an additional 63,749 shares in the last quarter. Finally, Ethos Financial Group LLC bought a new position in Grayscale Bitcoin Trust ETF during the 1st quarter worth $3,468,000.

Grayscale Bitcoin Trust ETF Stock Performance

NYSEARCA:GBTC opened at $81.30 on Friday. The stock has a fifty day moving average price of $88.36 and a 200-day moving average price of $86.57. The company has a market cap of $19.57 billion, a price-to-earnings ratio of 2.23 and a beta of 2.40. Grayscale Bitcoin Trust ETF has a fifty-two week low of $59.79 and a fifty-two week high of $99.12.

Grayscale Bitcoin Trust ETF Company Profile

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.