Fund Advisors of America Inc FL purchased a new stake in Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC – Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 12,160 shares of the company’s stock, valued at approximately $831,000.
Several other hedge funds have also recently modified their holdings of the business. World Investment Advisors boosted its stake in shares of Grayscale Bitcoin Trust ETF by 69.4% during the fourth quarter. World Investment Advisors now owns 7,893 shares of the company’s stock valued at $540,000 after purchasing an additional 3,234 shares in the last quarter. Corient Private Wealth LLC raised its stake in Grayscale Bitcoin Trust ETF by 2.2% in the fourth quarter. Corient Private Wealth LLC now owns 48,585 shares of the company’s stock worth $3,321,000 after buying an additional 1,052 shares in the last quarter. Compass Financial Group Inc. Ohio bought a new position in Grayscale Bitcoin Trust ETF in the fourth quarter worth approximately $213,000. AG Campbell Advisory LLC purchased a new stake in Grayscale Bitcoin Trust ETF during the fourth quarter worth $368,000. Finally, Sankala Group LLC purchased a new stake in Grayscale Bitcoin Trust ETF during the fourth quarter worth $199,000.
Grayscale Bitcoin Trust ETF Stock Performance
Shares of NYSEARCA GBTC opened at $48.80 on Friday. Grayscale Bitcoin Trust ETF has a 12-month low of $45.88 and a 12-month high of $99.12. The stock’s fifty day simple moving average is $56.88 and its two-hundred day simple moving average is $60.08. The stock has a market capitalization of $11.75 billion, a PE ratio of 2.23 and a beta of 2.15.
Grayscale Bitcoin Trust ETF 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.
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