Laird Norton Wetherby Wealth Management LLC Takes Position in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Laird Norton Wetherby Wealth Management LLC purchased a new stake in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 3,210 shares of the company’s stock, valued at approximately $238,000.

Several other institutional investors have also recently made changes to their positions in GBTC. Proficio Capital Partners LLC raised its position in Grayscale Bitcoin Trust by 4,462.7% in the fourth quarter. Proficio Capital Partners LLC now owns 2,103,962 shares of the company’s stock valued at $155,735,000 after purchasing an additional 2,057,850 shares during the period. LPL Financial LLC raised its position in Grayscale Bitcoin Trust by 0.4% in the fourth quarter. LPL Financial LLC now owns 1,121,456 shares of the company’s stock valued at $83,010,000 after purchasing an additional 4,728 shares during the period. Strategic Financial Concepts LLC purchased a new stake in Grayscale Bitcoin Trust in the fourth quarter valued at approximately $19,360,000. Aristides Capital LLC raised its position in Grayscale Bitcoin Trust by 12.1% in the fourth quarter. Aristides Capital LLC now owns 164,931 shares of the company’s stock valued at $12,208,000 after purchasing an additional 17,800 shares during the period. Finally, Mariner LLC grew its stake in shares of Grayscale Bitcoin Trust by 11.2% in the fourth quarter. Mariner LLC now owns 156,027 shares of the company’s stock worth $11,551,000 after acquiring an additional 15,775 shares in the last quarter.

Grayscale Bitcoin Trust Stock Up 0.9%

NYSEARCA:GBTC opened at $82.13 on Friday. The company has a fifty day simple moving average of $70.32 and a two-hundred day simple moving average of $73.18. The company has a market cap of $19.82 billion, a price-to-earnings ratio of 2.23 and a beta of 2.51. Grayscale Bitcoin Trust has a 52 week low of $39.56 and a 52 week high of $86.11.

Grayscale Bitcoin Trust 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.