Panoramic Investment Advisors LLC Invests $508,000 in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Panoramic Investment Advisors LLC bought a new stake in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 8,048 shares of the company’s stock, valued at approximately $508,000.

A number of other large investors have also recently added to or reduced their stakes in GBTC. Winch Advisory Services LLC purchased a new position in Grayscale Bitcoin Trust in the 4th quarter worth about $66,000. Next Capital Management LLC acquired a new stake in shares of Grayscale Bitcoin Trust during the fourth quarter valued at approximately $670,000. Equitable Trust Co. purchased a new stake in shares of Grayscale Bitcoin Trust in the 4th quarter valued at approximately $203,000. Canton Hathaway LLC purchased a new stake in shares of Grayscale Bitcoin Trust in the 4th quarter valued at approximately $942,000. Finally, SVB Wealth LLC acquired a new position in Grayscale Bitcoin Trust in the 4th quarter worth approximately $770,000.

Grayscale Bitcoin Trust Trading Down 2.2 %

NYSEARCA:GBTC traded down $1.25 during trading hours on Tuesday, hitting $54.84. 1,428,535 shares of the stock traded hands, compared to its average volume of 12,701,670. The firm has a market cap of $28.01 billion, a price-to-earnings ratio of 2.29 and a beta of 1.25. The firm has a 50 day moving average price of $57.95 and a 200 day moving average price of $51.63. Grayscale Bitcoin Trust has a fifty-two week low of $17.00 and a fifty-two week 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.