Miracle Mile Advisors LLC Buys New Shares in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Miracle Mile Advisors LLC bought a new position in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) in the 1st quarter, Holdings Channel.com reports. The fund bought 4,798 shares of the company’s stock, valued at approximately $303,000.

Several other large investors also recently bought and sold shares of the stock. Toth Financial Advisory Corp purchased a new position in shares of Grayscale Bitcoin Trust in the 1st quarter valued at about $28,000. Atticus Wealth Management LLC acquired a new stake in Grayscale Bitcoin Trust in the first quarter valued at approximately $33,000. Harbor Investment Advisory LLC purchased a new position in Grayscale Bitcoin Trust in the first quarter worth approximately $34,000. Wolff Wiese Magana LLC acquired a new position in Grayscale Bitcoin Trust during the 1st quarter worth approximately $45,000. Finally, PFS Partners LLC acquired a new position in Grayscale Bitcoin Trust during the 1st quarter worth approximately $50,000.

Grayscale Bitcoin Trust Trading Up 5.4 %

Shares of GBTC opened at $56.10 on Tuesday. The firm has a market capitalization of $28.65 billion, a price-to-earnings ratio of 2.29 and a beta of 1.25. The firm’s fifty day simple moving average is $57.95 and its 200-day simple moving average is $51.63. Grayscale Bitcoin Trust has a twelve month low of $17.00 and a twelve month high of $65.61.

Grayscale Bitcoin Trust 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.