WCG Wealth Advisors LLC acquired a new stake in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 16,235 shares of the company’s stock, valued at approximately $864,000.
Several other hedge funds and other institutional investors have also made changes to their positions in GBTC. Jane Street Group LLC bought a new position in shares of Grayscale Bitcoin Trust in the 1st quarter valued at about $117,350,000. Farallon Capital Management LLC bought a new position in shares of Grayscale Bitcoin Trust in the 1st quarter valued at about $85,221,000. LPL Financial LLC lifted its holdings in shares of Grayscale Bitcoin Trust by 7.1% in 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 during the last quarter. Sloy Dahl & Holst LLC bought a new position in shares of Grayscale Bitcoin Trust in the 1st quarter valued at about $32,959,000. Finally, Bracebridge Capital LLC bought a new position in shares of Grayscale Bitcoin Trust in the 1st quarter valued at about $26,526,000.
Grayscale Bitcoin Trust Trading Up 5.5 %
Shares of NYSEARCA:GBTC opened at $50.40 on Friday. Grayscale Bitcoin Trust has a 12 month low of $18.04 and a 12 month high of $65.61. The company has a 50-day moving average price of $49.90 and a 200 day moving average price of $55.40. The company has a market cap of $25.74 billion, a price-to-earnings ratio of 2.29 and a beta of 1.25.
About Grayscale Bitcoin Trust
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.
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