Independent Financial Group LLC acquired a new stake in Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC – Free Report) during the 1st quarter, Holdings Channel reports. The fund acquired 50,998 shares of the company’s stock, valued at approximately $2,691,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GBTC. Holos Integrated Wealth LLC acquired a new stake in shares of Grayscale Bitcoin Trust ETF in the 4th quarter valued at about $28,000. Garton & Associates Financial Advisors LLC bought a new position in shares of Grayscale Bitcoin Trust ETF during the fourth quarter worth about $27,000. Cary Street Partners Investment Advisory LLC acquired a new stake in Grayscale Bitcoin Trust ETF in the 4th quarter valued at approximately $30,000. CoreCap Advisors LLC lifted its stake in Grayscale Bitcoin Trust ETF by 160.9% in the 4th quarter. CoreCap Advisors LLC now owns 441 shares of the company’s stock valued at $30,000 after acquiring an additional 272 shares in the last quarter. Finally, RHL Group LLC bought a new stake in Grayscale Bitcoin Trust ETF in the 4th quarter valued at approximately $43,000.
Grayscale Bitcoin Trust ETF Stock Down 0.1%
NYSEARCA:GBTC opened at $49.71 on Friday. The business has a 50 day moving average price of $52.30 and a two-hundred day moving average price of $57.09. The company has a market cap of $9.64 billion, a P/E ratio of 2.23 and a beta of 2.19. Grayscale Bitcoin Trust ETF has a twelve month low of $44.98 and a twelve month high of $99.12.
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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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).
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