Grimes & Company Inc. Buys 483 Shares of Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC)

Grimes & Company Inc. increased its stake in Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 1.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,338 shares of the company’s stock after buying an additional 483 shares during the quarter. Grimes & Company Inc.’s holdings in Grayscale Bitcoin Trust ETF were worth $1,847,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Sentry LLC bought a new stake in shares of Grayscale Bitcoin Trust ETF during the first quarter worth $230,000. Variant Private Wealth LLC lifted its position in shares of Grayscale Bitcoin Trust ETF by 2.9% during the first quarter. Variant Private Wealth LLC now owns 98,870 shares of the company’s stock worth $6,443,000 after purchasing an additional 2,769 shares during the last quarter. Western Pacific Wealth Management LP lifted its position in shares of Grayscale Bitcoin Trust ETF by 25.0% during the first quarter. Western Pacific Wealth Management LP now owns 2,500 shares of the company’s stock worth $163,000 after purchasing an additional 500 shares during the last quarter. Sowell Financial Services LLC lifted its position in shares of Grayscale Bitcoin Trust ETF by 0.7% during the first quarter. Sowell Financial Services LLC now owns 40,147 shares of the company’s stock worth $2,616,000 after purchasing an additional 298 shares during the last quarter. Finally, Vista Finance LLC lifted its position in shares of Grayscale Bitcoin Trust ETF by 10.1% during the first quarter. Vista Finance LLC now owns 12,987 shares of the company’s stock worth $846,000 after purchasing an additional 1,194 shares during the last quarter.

Grayscale Bitcoin Trust ETF Trading Down 3.7%

NYSEARCA:GBTC opened at $82.50 on Wednesday. Grayscale Bitcoin Trust ETF has a twelve month low of $39.56 and a twelve month high of $88.36. The company has a market cap of $19.40 billion, a price-to-earnings ratio of 2.23 and a beta of 2.50. The stock has a fifty day simple moving average of $78.37 and a 200-day simple moving average of $75.55.

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.