Simplify Asset Management Inc. Acquires 7,578 Shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Simplify Asset Management Inc. boosted its holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 23.5% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 39,867 shares of the company’s stock after buying an additional 7,578 shares during the quarter. Simplify Asset Management Inc.’s holdings in Grayscale Bitcoin Trust were worth $2,123,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Jane Street Group LLC bought a new position in shares of Grayscale Bitcoin Trust in the first quarter worth about $117,350,000. Farallon Capital Management LLC bought a new position in shares of Grayscale Bitcoin Trust in the 1st quarter valued at $85,221,000. LPL Financial LLC boosted its holdings in shares of Grayscale Bitcoin Trust by 7.1% during the 2nd quarter. LPL Financial LLC now owns 1,030,932 shares of the company’s stock valued at $54,887,000 after acquiring an additional 68,698 shares in the last quarter. Sloy Dahl & Holst LLC bought a new stake in Grayscale Bitcoin Trust during the 1st quarter worth $32,959,000. Finally, Bracebridge Capital LLC acquired a new position in Grayscale Bitcoin Trust in the 1st quarter worth about $26,526,000.

Grayscale Bitcoin Trust Trading Up 5.5 %

NYSEARCA:GBTC opened at $50.40 on Friday. Grayscale Bitcoin Trust has a 1-year low of $18.04 and a 1-year high of $65.61. The stock’s 50-day moving average is $49.90 and its 200-day moving average is $55.40. The stock has a market cap of $25.74 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.