Virtu Financial LLC grew its stake in shares of Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC – Free Report) by 141.6% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 55,584 shares of the company’s stock after purchasing an additional 32,573 shares during the period. Virtu Financial LLC’s holdings in Grayscale Bitcoin Trust ETF were worth $3,800,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. DRW Securities LLC lifted its holdings in shares of Grayscale Bitcoin Trust ETF by 1,210.6% in the fourth quarter. DRW Securities LLC now owns 232,691 shares of the company’s stock valued at $15,907,000 after purchasing an additional 214,937 shares in the last quarter. Cetera Investment Advisers raised its position in Grayscale Bitcoin Trust ETF by 250.6% in the 4th quarter. Cetera Investment Advisers now owns 184,976 shares of the company’s stock valued at $12,645,000 after buying an additional 132,219 shares during the last quarter. Jump Financial LLC purchased a new stake in Grayscale Bitcoin Trust ETF in the 3rd quarter valued at $11,599,000. Ieq Capital LLC lifted its stake in Grayscale Bitcoin Trust ETF by 400.6% during the 2nd quarter. Ieq Capital LLC now owns 113,310 shares of the company’s stock valued at $9,612,000 after acquiring an additional 90,675 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its stake in Grayscale Bitcoin Trust ETF by 273.0% during the 4th quarter. Renaissance Technologies LLC now owns 120,100 shares of the company’s stock valued at $8,210,000 after acquiring an additional 87,900 shares in the last quarter.
Grayscale Bitcoin Trust ETF Price Performance
GBTC opened at $48.80 on Friday. Grayscale Bitcoin Trust ETF has a 1 year low of $45.88 and a 1 year high of $99.12. The company has a market capitalization of $11.75 billion, a price-to-earnings ratio of 2.23 and a beta of 2.15. The firm’s fifty day moving average price is $57.01 and its two-hundred day moving average price is $60.16.
Grayscale Bitcoin Trust ETF 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.
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