Compass Ion Advisors LLC Purchases Shares of 47,181 Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Compass Ion Advisors LLC acquired a new position in Grayscale Bitcoin Trust (NYSEARCA:GBTC) during the first quarter, according to its most recent filing with the SEC. The firm acquired 47,181 shares of the company’s stock, valued at approximately $2,980,000.

Several other large investors have also added to or reduced their stakes in GBTC. Toth Financial Advisory Corp purchased a new stake in Grayscale Bitcoin Trust in the first quarter worth about $28,000. Atticus Wealth Management LLC bought a new stake in shares of Grayscale Bitcoin Trust in the 1st quarter worth approximately $33,000. Harbor Investment Advisory LLC purchased a new stake in shares of Grayscale Bitcoin Trust in the 1st quarter worth approximately $34,000. PFS Partners LLC bought a new position in Grayscale Bitcoin Trust during the 1st quarter valued at approximately $50,000. Finally, Kathleen S. Wright Associates Inc. purchased a new position in Grayscale Bitcoin Trust during the fourth quarter valued at $59,000.

Grayscale Bitcoin Trust Trading Down 2.3 %

NYSEARCA GBTC opened at $53.24 on Monday. The stock’s fifty day moving average price is $58.01 and its 200-day moving average price is $51.51. The stock has a market cap of $27.19 billion, a P/E ratio of 2.29 and a beta of 1.25. Grayscale Bitcoin Trust has a 12 month low of $17.00 and a 12 month high of $65.61.

Grayscale Bitcoin Trust 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.