Grayscale Bitcoin Trust (NYSEARCA:GBTC) Shares Purchased by Private Advisor Group LLC

Private Advisor Group LLC increased its holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 46.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 32,295 shares of the company’s stock after buying an additional 10,243 shares during the quarter. Private Advisor Group LLC’s holdings in Grayscale Bitcoin Trust were worth $1,720,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Tradition Wealth Management LLC purchased a new stake in shares of Grayscale Bitcoin Trust in the 4th quarter valued at $597,000. Aristides Capital LLC purchased a new stake in Grayscale Bitcoin Trust in the fourth quarter valued at $522,000. Able Wealth Management LLC purchased a new stake in Grayscale Bitcoin Trust in the fourth quarter valued at $194,000. Garde Capital Inc. acquired a new stake in Grayscale Bitcoin Trust during the 4th quarter worth about $602,000. Finally, Enterprise Bank & Trust Co purchased a new position in shares of Grayscale Bitcoin Trust during the 1st quarter valued at about $243,000.

Grayscale Bitcoin Trust Stock Up 2.4 %

Shares of GBTC stock opened at $47.65 on Friday. The stock has a market cap of $24.34 billion, a PE ratio of 2.29 and a beta of 1.25. Grayscale Bitcoin Trust has a 52-week low of $18.04 and a 52-week high of $65.61. The business has a 50-day simple moving average of $50.12 and a 200-day simple moving average of $55.56.

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.