Grimes & Company Inc. increased its position in shares of Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC – Free Report) by 1.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,338 shares of the company’s stock after buying an additional 483 shares during the period. Grimes & Company Inc.’s holdings in Grayscale Bitcoin Trust ETF were worth $1,847,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Synergy Investment Management LLC purchased a new position in shares of Grayscale Bitcoin Trust ETF during the fourth quarter valued at $30,000. Pacific Center for Financial Services purchased a new position in shares of Grayscale Bitcoin Trust ETF during the fourth quarter valued at $31,000. Measured Risk Portfolios Inc. purchased a new position in shares of Grayscale Bitcoin Trust ETF during the fourth quarter valued at $32,000. Capital A Wealth Management LLC purchased a new position in shares of Grayscale Bitcoin Trust ETF during the fourth quarter valued at $35,000. Finally, Cullen Frost Bankers Inc. purchased a new position in Grayscale Bitcoin Trust ETF in the fourth quarter valued at about $36,000.
Grayscale Bitcoin Trust ETF Price Performance
GBTC opened at $82.50 on Wednesday. The business’s 50-day moving average is $78.37 and its two-hundred day moving average is $75.55. Grayscale Bitcoin Trust ETF has a 1 year low of $39.56 and a 1 year high of $88.36. The firm has a market capitalization of $19.40 billion, a PE ratio of 2.23 and a beta of 2.50.
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.
Read More
- Five stocks we like better than Grayscale Bitcoin Trust ETF
- How to Short a Stock in 5 Easy Steps
- Analyst Downgrades Joby, But Overlooks Major Regulatory Wins
- Want to Profit on the Downtrend? Downtrends, Explained.
- U.S. Steel Stock Burns the Bears With Surprise Upside Move
- Investing in Commodities: What Are They? How to Invest in Them
- Lululemon, UNH, Enphase: Bad News, Good Opportunity?
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 ETF (NYSEARCA:GBTC – Free Report).
Receive News & Ratings for Grayscale Bitcoin Trust ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grayscale Bitcoin Trust ETF and related companies with MarketBeat.com's FREE daily email newsletter.
