Virtu Financial LLC Boosts Stake in Grayscale Bitcoin Trust ETF $GBTC

Virtu Financial LLC grew its position in shares of Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 141.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 55,584 shares of the company’s stock after buying an additional 32,573 shares during the quarter. Virtu Financial LLC’s holdings in Grayscale Bitcoin Trust ETF were worth $3,800,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Kovitz Investment Group Partners LLC grew its holdings in shares of Grayscale Bitcoin Trust ETF by 178.0% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 64,222 shares of the company’s stock valued at $4,390,000 after acquiring an additional 41,120 shares in the last quarter. Mcguire Capital Advisors Inc. bought a new stake in Grayscale Bitcoin Trust ETF during the fourth quarter worth $403,000. Invesco Ltd. lifted its holdings in Grayscale Bitcoin Trust ETF by 25.4% during the fourth quarter. Invesco Ltd. now owns 4,684 shares of the company’s stock worth $320,000 after acquiring an additional 950 shares during the period. Axxcess Wealth Management LLC boosted its position in Grayscale Bitcoin Trust ETF by 39.8% in the fourth quarter. Axxcess Wealth Management LLC now owns 11,005 shares of the company’s stock worth $752,000 after purchasing an additional 3,134 shares during the last quarter. Finally, Corient Private Wealth LLC boosted its position in Grayscale Bitcoin Trust ETF by 70.4% in the fourth quarter. Corient Private Wealth LLC now owns 80,990 shares of the company’s stock worth $5,536,000 after purchasing an additional 33,457 shares during the last quarter.

Grayscale Bitcoin Trust ETF Price Performance

Shares of NYSEARCA:GBTC opened at $48.80 on Friday. The company has a market capitalization of $11.75 billion, a PE ratio of 2.23 and a beta of 2.15. The business has a fifty day moving average price of $57.01 and a two-hundred day moving average price of $60.16. Grayscale Bitcoin Trust ETF has a 1 year low of $45.88 and a 1 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.