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

ACT Capital Management LLC purchased a new position in shares of Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 34,400 shares of the company’s stock, valued at approximately $2,352,000. Grayscale Bitcoin Trust ETF accounts for about 1.9% of ACT Capital Management LLC’s portfolio, making the stock its 14th largest position.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. DRW Securities LLC lifted its holdings in shares of Grayscale Bitcoin Trust ETF by 1,210.6% during the 4th quarter. DRW Securities LLC now owns 232,691 shares of the company’s stock worth $15,907,000 after acquiring an additional 214,937 shares during the period. Focus Partners Wealth lifted its stake in Grayscale Bitcoin Trust ETF by 10.5% in the 4th quarter. Focus Partners Wealth now owns 221,130 shares of the company’s stock valued at $15,116,000 after purchasing an additional 20,951 shares during the last quarter. Cetera Investment Advisers lifted its stake in Grayscale Bitcoin Trust ETF by 250.6% in the 4th quarter. Cetera Investment Advisers now owns 184,976 shares of the company’s stock valued at $12,645,000 after purchasing an additional 132,219 shares during the last quarter. Mariner LLC lifted its stake in Grayscale Bitcoin Trust ETF by 1.2% in the 4th quarter. Mariner LLC now owns 173,207 shares of the company’s stock valued at $11,840,000 after purchasing an additional 2,088 shares during the last quarter. Finally, Creative Planning lifted its stake in Grayscale Bitcoin Trust ETF by 40.5% in the 3rd quarter. Creative Planning now owns 135,202 shares of the company’s stock valued at $12,137,000 after purchasing an additional 38,955 shares during the last quarter.

Grayscale Bitcoin Trust ETF Price Performance

Shares of NYSEARCA:GBTC opened at $49.85 on Thursday. The company has a market cap of $12.00 billion, a price-to-earnings ratio of 2.23 and a beta of 2.15. The firm has a 50 day simple moving average of $57.11 and a 200 day simple moving average of $60.31. Grayscale Bitcoin Trust ETF has a one year low of $45.88 and a one year high of $99.12.

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.