Bulltick Wealth Management LLC Acquires 930 Shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Bulltick Wealth Management LLC boosted its stake in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 16.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,467 shares of the company’s stock after purchasing an additional 930 shares during the period. Bulltick Wealth Management LLC’s holdings in Grayscale Bitcoin Trust were worth $344,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of GBTC. AE Wealth Management LLC boosted its position in shares of Grayscale Bitcoin Trust by 611.0% in the second quarter. AE Wealth Management LLC now owns 33,603 shares of the company’s stock worth $1,789,000 after purchasing an additional 28,877 shares during the period. Simplify Asset Management Inc. increased its stake in Grayscale Bitcoin Trust by 23.5% in the 2nd quarter. Simplify Asset Management Inc. now owns 39,867 shares of the company’s stock worth $2,123,000 after buying an additional 7,578 shares in the last quarter. Hollencrest Capital Management raised its holdings in Grayscale Bitcoin Trust by 88.9% during the second quarter. Hollencrest Capital Management now owns 850 shares of the company’s stock valued at $45,000 after acquiring an additional 400 shares during the period. WCG Wealth Advisors LLC purchased a new position in shares of Grayscale Bitcoin Trust in the second quarter valued at about $864,000. Finally, Virtu Financial LLC boosted its stake in shares of Grayscale Bitcoin Trust by 158.8% in the second quarter. Virtu Financial LLC now owns 137,123 shares of the company’s stock worth $7,300,000 after acquiring an additional 84,134 shares during the period.

Grayscale Bitcoin Trust Trading Down 0.7 %

NYSEARCA:GBTC opened at $50.03 on Friday. Grayscale Bitcoin Trust has a 12-month low of $18.04 and a 12-month high of $65.61. The stock has a market capitalization of $25.55 billion, a P/E ratio of 2.29 and a beta of 1.25. The stock has a 50-day moving average price of $49.88 and a 200 day moving average price of $55.32.

Grayscale Bitcoin Trust 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.