Bulltick Wealth Management LLC raised its position in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC – Free Report) by 16.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,467 shares of the company’s stock after buying an additional 930 shares during the quarter. Bulltick Wealth Management LLC’s holdings in Grayscale Bitcoin Trust were worth $344,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in GBTC. Jane Street Group LLC bought a new position in shares of Grayscale Bitcoin Trust in the 1st quarter valued at about $117,350,000. Farallon Capital Management LLC bought a new stake in shares of Grayscale Bitcoin Trust in the 1st quarter valued at approximately $85,221,000. LPL Financial LLC boosted its holdings in shares of Grayscale Bitcoin Trust by 7.1% in the 2nd quarter. LPL Financial LLC now owns 1,030,932 shares of the company’s stock worth $54,887,000 after purchasing an additional 68,698 shares during the period. Sloy Dahl & Holst LLC bought a new position in shares of Grayscale Bitcoin Trust during the 1st quarter valued at approximately $32,959,000. Finally, Bracebridge Capital LLC purchased a new stake in Grayscale Bitcoin Trust during the 1st quarter valued at $26,526,000.
Grayscale Bitcoin Trust Stock Down 0.7 %
NYSEARCA GBTC opened at $50.03 on Friday. Grayscale Bitcoin Trust has a 52 week low of $18.04 and a 52 week high of $65.61. The firm has a market capitalization of $25.55 billion, a price-to-earnings ratio of 2.29 and a beta of 1.25. The company has a fifty day moving average of $49.88 and a two-hundred day moving average of $55.32.
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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