Allworth Financial LP raised its holdings in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC – Free Report) by 300.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,521 shares of the company’s stock after buying an additional 13,149 shares during the period. Allworth Financial LP’s holdings in Grayscale Bitcoin Trust were worth $885,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Dixon Mitchell Investment Counsel Inc. purchased a new stake in Grayscale Bitcoin Trust during the first quarter valued at about $27,000. Hollencrest Capital Management purchased a new stake in Grayscale Bitcoin Trust during the first quarter valued at about $28,000. DHJJ Financial Advisors Ltd. purchased a new stake in shares of Grayscale Bitcoin Trust during the second quarter worth about $26,000. Global Wealth Strategies & Associates purchased a new stake in shares of Grayscale Bitcoin Trust during the second quarter worth about $27,000. Finally, ZRC Wealth Management LLC purchased a new stake in shares of Grayscale Bitcoin Trust during the second quarter worth about $29,000.
Grayscale Bitcoin Trust Trading Up 4.4 %
Grayscale Bitcoin Trust stock opened at $55.40 on Tuesday. The firm has a 50-day moving average of $49.34 and a 200-day moving average of $53.54. The firm has a market cap of $28.29 billion, a P/E ratio of 2.29 and a beta of 1.25. Grayscale Bitcoin Trust has a 1-year low of $25.70 and a 1-year high of $65.61.
Grayscale Bitcoin Trust 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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