Optimum Investment Advisors Makes New $95,000 Investment in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Optimum Investment Advisors purchased a new position in Grayscale Bitcoin Trust (NYSEARCA:GBTC) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,500 shares of the company’s stock, valued at approximately $95,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Kathleen S. Wright Associates Inc. purchased a new stake in shares of Grayscale Bitcoin Trust in the 4th quarter worth approximately $59,000. Winch Advisory Services LLC purchased a new stake in Grayscale Bitcoin Trust during the 4th quarter valued at $66,000. Enterprise Bank & Trust Co purchased a new stake in Grayscale Bitcoin Trust during the 1st quarter valued at $243,000. Marshall & Sullivan Inc. WA purchased a new stake in Grayscale Bitcoin Trust during the 1st quarter valued at $255,000. Finally, MCIA Inc purchased a new stake in Grayscale Bitcoin Trust during the 1st quarter valued at $268,000.

Grayscale Bitcoin Trust Trading Down 1.2 %

Shares of GBTC opened at $57.04 on Friday. The business’s fifty day simple moving average is $58.23 and its two-hundred day simple moving average is $50.79. Grayscale Bitcoin Trust has a 12 month low of $17.00 and a 12 month high of $65.61. The company has a market cap of $29.13 billion, a price-to-earnings ratio of 2.29 and a beta of 1.25.

About Grayscale Bitcoin Trust

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.