Farther Finance Advisors LLC Grows Stake in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Farther Finance Advisors LLC increased its stake in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 193.8% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 3,664 shares of the company’s stock after acquiring an additional 2,417 shares during the quarter. Farther Finance Advisors LLC’s holdings in Grayscale Bitcoin Trust were worth $185,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in GBTC. SteelPeak Wealth LLC grew its stake in shares of Grayscale Bitcoin Trust by 30.9% in the 3rd quarter. SteelPeak Wealth LLC now owns 5,140 shares of the company’s stock valued at $260,000 after buying an additional 1,213 shares during the period. Highline Wealth Partners LLC acquired a new position in Grayscale Bitcoin Trust in the third quarter valued at approximately $147,000. Integrated Advisors Network LLC grew its position in Grayscale Bitcoin Trust by 3.0% in the third quarter. Integrated Advisors Network LLC now owns 27,721 shares of the company’s stock worth $1,400,000 after acquiring an additional 800 shares during the period. Consolidated Portfolio Review Corp increased its stake in Grayscale Bitcoin Trust by 18.6% during the third quarter. Consolidated Portfolio Review Corp now owns 21,487 shares of the company’s stock worth $1,085,000 after acquiring an additional 3,376 shares during the last quarter. Finally, PFG Investments LLC increased its stake in Grayscale Bitcoin Trust by 60.1% during the third quarter. PFG Investments LLC now owns 12,806 shares of the company’s stock worth $647,000 after acquiring an additional 4,806 shares during the last quarter.

Grayscale Bitcoin Trust Stock Up 0.3 %

Shares of Grayscale Bitcoin Trust stock opened at $61.05 on Friday. The firm has a market cap of $31.18 billion, a PE ratio of 2.29 and a beta of 1.25. Grayscale Bitcoin Trust has a 52 week low of $27.30 and a 52 week high of $65.61. The business’s fifty day simple moving average is $51.11 and its 200-day simple moving average is $53.53.

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.