Sage Investment Advisers LLC Makes New $718,000 Investment in Grayscale Bitcoin Trust ETF $GBTC

Sage Investment Advisers LLC bought a new position in Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 10,500 shares of the company’s stock, valued at approximately $718,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Mariner LLC increased its position in Grayscale Bitcoin Trust ETF by 1.1% in the third quarter. Mariner LLC now owns 171,119 shares of the company’s stock worth $15,361,000 after buying an additional 1,843 shares during the period. Creative Planning increased its position in Grayscale Bitcoin Trust ETF by 40.5% in the third quarter. Creative Planning now owns 135,202 shares of the company’s stock worth $12,137,000 after buying an additional 38,955 shares during the period. Fiduciary Alliance LLC increased its position in Grayscale Bitcoin Trust ETF by 3.2% in the fourth quarter. Fiduciary Alliance LLC now owns 134,253 shares of the company’s stock worth $9,178,000 after buying an additional 4,221 shares during the period. Jump Financial LLC acquired a new stake in Grayscale Bitcoin Trust ETF in the third quarter worth $11,599,000. Finally, Ieq Capital LLC increased its position in Grayscale Bitcoin Trust ETF by 400.6% in the second quarter. Ieq Capital LLC now owns 113,310 shares of the company’s stock worth $9,612,000 after buying an additional 90,675 shares during the period.

Grayscale Bitcoin Trust ETF Price Performance

Shares of NYSEARCA GBTC opened at $57.02 on Monday. Grayscale Bitcoin Trust ETF has a 1-year low of $48.56 and a 1-year high of $99.12. The business’s fifty day moving average price is $57.98 and its two-hundred day moving average price is $62.33. The firm has a market capitalization of $13.73 billion, a PE ratio of 2.23 and a beta of 2.22.

About Grayscale Bitcoin Trust ETF

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.