Inspire Investing LLC Acquires New Position in Grayscale Bitcoin Trust ETF $GBTC

Inspire Investing LLC bought a new stake in Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,507 shares of the company’s stock, valued at approximately $213,000.

Several other hedge funds also recently added to or reduced their stakes in GBTC. Northwestern Mutual Wealth Management Co. boosted its position in Grayscale Bitcoin Trust ETF by 34.9% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,318 shares of the company’s stock worth $86,000 after purchasing an additional 341 shares in the last quarter. Integrity Alliance LLC. purchased a new position in Grayscale Bitcoin Trust ETF in the 1st quarter worth approximately $216,000. Colonial Trust Advisors boosted its position in shares of Grayscale Bitcoin Trust ETF by 24.8% during the 1st quarter. Colonial Trust Advisors now owns 1,760 shares of the company’s stock valued at $115,000 after acquiring an additional 350 shares during the last quarter. Mirador Capital Partners LP purchased a new stake in shares of Grayscale Bitcoin Trust ETF during the 2nd quarter valued at approximately $243,000. Finally, Oxinas Partners Wealth Management LLC acquired a new stake in shares of Grayscale Bitcoin Trust ETF during the 2nd quarter worth about $225,000.

Grayscale Bitcoin Trust ETF Stock Down 1.6%

Shares of NYSEARCA GBTC opened at $83.46 on Friday. The firm has a market cap of $20.09 billion, a price-to-earnings ratio of 2.23 and a beta of 2.47. The business’s 50 day moving average is $90.01 and its two-hundred day moving average is $84.41. Grayscale Bitcoin Trust ETF has a 52-week low of $51.83 and a 52-week high of $99.12.

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.