Grayscale Bitcoin Trust ETF Target of Unusually Large Options Trading (NYSEARCA:GBTC)

Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) saw some unusual options trading on Wednesday. Traders acquired 20,897 call options on the company. This is an increase of approximately 374% compared to the typical daily volume of 4,410 call options.

Grayscale Bitcoin Trust ETF Stock Down 0.5%

Grayscale Bitcoin Trust ETF stock opened at $72.38 on Friday. Grayscale Bitcoin Trust ETF has a 52-week low of $59.79 and a 52-week high of $99.12. The company has a market cap of $17.43 billion, a P/E ratio of 2.23 and a beta of 2.40. The business has a 50-day simple moving average of $82.12 and a two-hundred day simple moving average of $85.93.

Institutional Trading of Grayscale Bitcoin Trust ETF

Several large investors have recently added to or reduced their stakes in GBTC. Root Financial Partners LLC bought a new position in Grayscale Bitcoin Trust ETF in the third quarter worth approximately $29,000. Elevation Point Wealth Partners LLC purchased a new stake in shares of Grayscale Bitcoin Trust ETF in the 2nd quarter worth $33,000. Strengthening Families & Communities LLC bought a new position in Grayscale Bitcoin Trust ETF in the 3rd quarter worth $33,000. Westfuller Advisors LLC bought a new position in Grayscale Bitcoin Trust ETF in the 3rd quarter worth $38,000. Finally, Flaharty Asset Management LLC purchased a new position in Grayscale Bitcoin Trust ETF during the first quarter valued at $39,000.

Grayscale Bitcoin Trust ETF 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.