Golden State Equity Partners Increases Stock Holdings in Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC)

Golden State Equity Partners increased its holdings in Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 7.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,278 shares of the company’s stock after purchasing an additional 667 shares during the period. Golden State Equity Partners’ holdings in Grayscale Bitcoin Trust ETF were worth $605,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in GBTC. Synergy Investment Management LLC purchased a new stake in shares of Grayscale Bitcoin Trust ETF in the fourth quarter valued at $30,000. Pacific Center for Financial Services purchased a new stake in shares of Grayscale Bitcoin Trust ETF in the fourth quarter valued at $31,000. Measured Risk Portfolios Inc. purchased a new stake in shares of Grayscale Bitcoin Trust ETF in the fourth quarter valued at $32,000. Capital A Wealth Management LLC purchased a new stake in shares of Grayscale Bitcoin Trust ETF in the fourth quarter valued at $35,000. Finally, Cullen Frost Bankers Inc. purchased a new stake in shares of Grayscale Bitcoin Trust ETF in the fourth quarter valued at $36,000.

Grayscale Bitcoin Trust ETF Trading Up 2.0%

GBTC stock opened at $84.89 on Thursday. The stock has a 50-day moving average price of $80.37 and a two-hundred day moving average price of $75.75. Grayscale Bitcoin Trust ETF has a 12-month low of $39.56 and a 12-month high of $88.36. The company has a market cap of $19.96 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.