SeaCrest Wealth Management LLC Makes New $370,000 Investment in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

SeaCrest Wealth Management LLC purchased a new position in Grayscale Bitcoin Trust (NYSEARCA:GBTC) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,865 shares of the company’s stock, valued at approximately $370,000.

A number of other large investors also recently modified their holdings of the business. Winch Advisory Services LLC acquired a new position in shares of Grayscale Bitcoin Trust during the fourth quarter valued at approximately $66,000. Next Capital Management LLC acquired a new position in shares of Grayscale Bitcoin Trust during the 4th quarter valued at $670,000. Equitable Trust Co. acquired a new position in shares of Grayscale Bitcoin Trust during the 4th quarter valued at $203,000. Canton Hathaway LLC bought a new stake in shares of Grayscale Bitcoin Trust in the 4th quarter worth $942,000. Finally, SVB Wealth LLC acquired a new stake in shares of Grayscale Bitcoin Trust in the fourth quarter valued at $770,000.

Grayscale Bitcoin Trust Stock Down 2.3 %

NYSEARCA:GBTC opened at $53.65 on Thursday. The business’s 50-day moving average price is $57.80 and its 200 day moving average price is $51.82. Grayscale Bitcoin Trust has a 52-week low of $17.00 and a 52-week high of $65.61. The firm has a market cap of $27.40 billion, a P/E ratio of 2.29 and a beta of 1.25.

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.