ACT Capital Management LLC Invests $2.35 Million in Grayscale Bitcoin Trust ETF $GBTC

ACT Capital Management LLC acquired a new position in shares of Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 34,400 shares of the company’s stock, valued at approximately $2,352,000. Grayscale Bitcoin Trust ETF comprises 1.9% of ACT Capital Management LLC’s investment portfolio, making the stock its 14th largest holding.

Other institutional investors also recently modified their holdings of the company. Holos Integrated Wealth LLC acquired a new position in Grayscale Bitcoin Trust ETF in the 4th quarter valued at about $28,000. CoreCap Advisors LLC grew its stake in Grayscale Bitcoin Trust ETF by 160.9% in the 4th quarter. CoreCap Advisors LLC now owns 441 shares of the company’s stock valued at $30,000 after buying an additional 272 shares during the last quarter. Cary Street Partners Investment Advisory LLC acquired a new position in Grayscale Bitcoin Trust ETF in the 4th quarter valued at about $30,000. RHL Group LLC acquired a new position in Grayscale Bitcoin Trust ETF in the 4th quarter valued at about $43,000. Finally, Quattro Advisors LLC acquired a new position in Grayscale Bitcoin Trust ETF in the 4th quarter valued at about $52,000.

Grayscale Bitcoin Trust ETF Stock Performance

Shares of GBTC opened at $49.85 on Thursday. Grayscale Bitcoin Trust ETF has a 52 week low of $45.88 and a 52 week high of $99.12. The firm has a market cap of $12.00 billion, a P/E ratio of 2.23 and a beta of 2.15. The firm’s 50-day simple moving average is $57.11 and its 200 day simple moving average is $60.31.

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.