Capstone Capital Management Ltd acquired a new stake in shares of Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC – Free Report) during the 3rd quarter, Holdings Channel reports. The fund acquired 11,858 shares of the company’s stock, valued at approximately $766,000.
Several other institutional investors and hedge funds have also modified their holdings of GBTC. Benchmark Financial Wealth Advisors LLC purchased a new stake in Grayscale Bitcoin Trust ETF in the 3rd quarter worth approximately $565,000. Integrated Advisors Network LLC raised its holdings in Grayscale Bitcoin Trust ETF by 88.4% in the 3rd quarter. Integrated Advisors Network LLC now owns 14,214 shares of the company’s stock valued at $918,000 after acquiring an additional 6,671 shares during the last quarter. Prime Capital Investment Advisors LLC lifted its stake in shares of Grayscale Bitcoin Trust ETF by 2.4% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 10,479 shares of the company’s stock worth $677,000 after purchasing an additional 250 shares during the period. Jeppson Wealth Management LLC purchased a new position in shares of Grayscale Bitcoin Trust ETF during the 3rd quarter worth $261,000. Finally, New Wave Wealth Advisors LLC purchased a new position in shares of Grayscale Bitcoin Trust ETF during the 3rd quarter worth $202,000.
Grayscale Bitcoin Trust ETF Stock Up 0.9%
GBTC stock opened at $63.70 on Wednesday. Grayscale Bitcoin Trust ETF has a 52-week low of $44.98 and a 52-week high of $91.01. The stock’s fifty day simple moving average is $60.99 and its 200-day simple moving average is $56.16. The stock has a market capitalization of $12.36 billion, a price-to-earnings ratio of 2.23 and a beta of 2.19.
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.
See Also
- Five stocks we like better than Grayscale Bitcoin Trust ETF
- Aurora Rejects Curaleaf’s Higher Bid, But the Takeover Fight Isn’t Over
- Centrus Energy Is Building a Nuclear Fuel Powerhouse—Why Is Its Stock Struggling?
- Halliburton Gains Traction: Multiyear Upcycle Ahead
- Meta Platforms’ AI Comeback Faces an Earnings Test—And a $10 Billion Charge
Want to see what other hedge funds are holding GBTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC – Free Report).
Receive News & Ratings for Grayscale Bitcoin Trust ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grayscale Bitcoin Trust ETF and related companies with MarketBeat.com's FREE daily email newsletter.
