Golden State Wealth Management LLC bought a new stake in Grayscale Bitcoin Trust (NYSEARCA:GBTC – Free Report) in the fourth quarter, HoldingsChannel reports. The fund bought 1,240 shares of the company’s stock, valued at approximately $92,000.
Other large investors also recently modified their holdings of the company. Greenwich Wealth Management LLC increased its stake in Grayscale Bitcoin Trust by 99.9% during the 3rd quarter. Greenwich Wealth Management LLC now owns 1,076,820 shares of the company’s stock worth $54,379,000 after purchasing an additional 538,256 shares in the last quarter. Strategic Financial Concepts LLC acquired a new position in shares of Grayscale Bitcoin Trust in the fourth quarter valued at approximately $19,360,000. International Assets Investment Management LLC increased its position in shares of Grayscale Bitcoin Trust by 4,950.0% during the third quarter. International Assets Investment Management LLC now owns 193,415 shares of the company’s stock worth $97,670,000 after acquiring an additional 189,585 shares in the last quarter. Atlas Wealth Partners LLC acquired a new stake in shares of Grayscale Bitcoin Trust during the third quarter worth $7,774,000. Finally, Citrine Capital LLC bought a new stake in Grayscale Bitcoin Trust in the 4th quarter valued at $7,721,000.
Grayscale Bitcoin Trust Trading Down 1.2 %
Shares of NYSEARCA GBTC opened at $75.85 on Monday. The company has a fifty day moving average price of $78.55 and a 200 day moving average price of $62.80. Grayscale Bitcoin Trust has a 1-year low of $39.56 and a 1-year high of $86.11. The firm has a market cap of $38.74 billion, a PE ratio of 2.29 and a beta of 1.25.
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.
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Want to see what other hedge funds are holding GBTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Grayscale Bitcoin Trust (NYSEARCA:GBTC – Free Report).
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