Fiduciary Alliance LLC increased its position in shares of Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC – Free Report) by 8.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 146,098 shares of the company’s stock after buying an additional 11,845 shares during the period. Fiduciary Alliance LLC’s holdings in Grayscale Bitcoin Trust ETF were worth $8,528,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in GBTC. Garton & Associates Financial Advisors LLC purchased a new stake in Grayscale Bitcoin Trust ETF in the fourth quarter worth about $27,000. Holos Integrated Wealth LLC bought a new position in Grayscale Bitcoin Trust ETF during the 4th quarter worth about $28,000. CoreCap Advisors LLC increased its position in Grayscale Bitcoin Trust ETF by 160.9% during the 4th quarter. CoreCap Advisors LLC now owns 441 shares of the company’s stock valued at $30,000 after purchasing an additional 272 shares during the period. Cary Street Partners Investment Advisory LLC purchased a new position in Grayscale Bitcoin Trust ETF during the 4th quarter valued at about $30,000. Finally, RHL Group LLC bought a new stake in shares of Grayscale Bitcoin Trust ETF in the 4th quarter valued at about $43,000.
Grayscale Bitcoin Trust ETF Stock Performance
NYSEARCA:GBTC opened at $46.41 on Thursday. The firm has a 50-day simple moving average of $56.37 and a 200-day simple moving average of $59.52. Grayscale Bitcoin Trust ETF has a one year low of $45.78 and a one year high of $99.12. The firm has a market cap of $11.17 billion, a P/E ratio of 2.23 and a beta of 2.15.
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.
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