180 Wealth Advisors LLC Invests $667,000 in Grayscale Bitcoin Trust ETF $GBTC

180 Wealth Advisors LLC purchased a new position in Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) in the second quarter, Holdings Channel reports. The fund purchased 7,862 shares of the company’s stock, valued at approximately $667,000.

Other large investors also recently bought and sold shares of the company. First Horizon Advisors Inc. raised its holdings in Grayscale Bitcoin Trust ETF by 90.9% in the 1st quarter. First Horizon Advisors Inc. now owns 420 shares of the company’s stock worth $27,000 after purchasing an additional 200 shares during the period. Hurley Capital LLC acquired a new position in Grayscale Bitcoin Trust ETF in the 1st quarter worth about $34,000. Flaharty Asset Management LLC acquired a new position in Grayscale Bitcoin Trust ETF in the 1st quarter worth about $39,000. Cornerstone Planning Group LLC raised its holdings in Grayscale Bitcoin Trust ETF by 600.0% in the 1st quarter. Cornerstone Planning Group LLC now owns 875 shares of the company’s stock worth $57,000 after purchasing an additional 750 shares during the period. Finally, Atticus Wealth Management LLC raised its holdings in Grayscale Bitcoin Trust ETF by 57.3% in the 2nd quarter. Atticus Wealth Management LLC now owns 1,098 shares of the company’s stock worth $93,000 after purchasing an additional 400 shares during the period.

Grayscale Bitcoin Trust ETF Trading Up 0.3%

NYSEARCA GBTC opened at $86.69 on Friday. The stock has a market capitalization of $20.87 billion, a price-to-earnings ratio of 2.23 and a beta of 2.47. Grayscale Bitcoin Trust ETF has a twelve month low of $52.37 and a twelve month high of $99.12. The stock has a 50-day moving average of $89.28 and a 200 day moving average of $85.17.

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.