Cetera Advisors LLC Acquires Shares of 182,917 Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Cetera Advisors LLC bought a new stake in Grayscale Bitcoin Trust (NYSEARCA:GBTC) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 182,917 shares of the company’s stock, valued at approximately $11,555,000.

A number of other hedge funds have also recently added to or reduced their stakes in GBTC. Cetera Investment Advisers purchased a new stake in shares of Grayscale Bitcoin Trust in the first quarter valued at about $22,576,000. Farallon Capital Management LLC acquired a new position in Grayscale Bitcoin Trust in the 1st quarter valued at $85,221,000. FSA Advisors Inc. purchased a new position in Grayscale Bitcoin Trust during the 1st quarter worth $253,000. Independent Wealth Network Inc. purchased a new stake in shares of Grayscale Bitcoin Trust in the first quarter valued at about $209,000. Finally, Virtu Financial LLC acquired a new position in shares of Grayscale Bitcoin Trust during the first quarter worth about $3,347,000.

Grayscale Bitcoin Trust Trading Down 1.3 %

Shares of GBTC traded down $0.66 during trading hours on Friday, reaching $49.87. The company had a trading volume of 6,189,244 shares, compared to its average volume of 11,509,163. Grayscale Bitcoin Trust has a 12-month low of $17.00 and a 12-month high of $65.61. The firm has a 50 day simple moving average of $56.83 and a 200-day simple moving average of $54.46. The company has a market capitalization of $25.47 billion, a price-to-earnings ratio of 2.29 and a beta of 1.25.

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.