Retirement Planning Co of New England Inc. Takes Position in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Retirement Planning Co of New England Inc. acquired a new stake in Grayscale Bitcoin Trust (NYSEARCA:GBTC) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 4,685 shares of the company’s stock, valued at approximately $296,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Dixon Mitchell Investment Counsel Inc. acquired a new stake in shares of Grayscale Bitcoin Trust in the first quarter valued at about $27,000. YHB Investment Advisors Inc. bought a new position in Grayscale Bitcoin Trust in the 1st quarter worth approximately $28,000. Toth Financial Advisory Corp acquired a new position in shares of Grayscale Bitcoin Trust during the first quarter worth approximately $28,000. Hollencrest Capital Management bought a new stake in shares of Grayscale Bitcoin Trust in the first quarter valued at approximately $28,000. Finally, Ulland Investment Advisors LLC bought a new stake in shares of Grayscale Bitcoin Trust in the first quarter valued at approximately $32,000.

Grayscale Bitcoin Trust Price Performance

GBTC stock traded up $0.24 on Friday, reaching $51.14. 2,903,952 shares of the company were exchanged, compared to its average volume of 12,272,085. The firm has a market capitalization of $26.12 billion, a PE ratio of 2.29 and a beta of 1.25. Grayscale Bitcoin Trust has a 12 month low of $17.00 and a 12 month high of $65.61. The stock’s fifty day moving average price is $57.33 and its 200 day moving average price is $52.35.

About Grayscale Bitcoin Trust

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.