DRW Securities LLC Purchases Shares of 83,351 Grayscale Bitcoin Trust (NYSEARCA:GBTC)

DRW Securities LLC purchased a new stake in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 83,351 shares of the company’s stock, valued at approximately $4,438,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Jane Street Group LLC acquired a new stake in Grayscale Bitcoin Trust in the first quarter worth about $117,350,000. Farallon Capital Management LLC acquired a new stake in shares of Grayscale Bitcoin Trust in the 1st quarter worth approximately $85,221,000. Sloy Dahl & Holst LLC bought a new position in shares of Grayscale Bitcoin Trust in the first quarter valued at approximately $32,959,000. Bracebridge Capital LLC bought a new position in shares of Grayscale Bitcoin Trust in the first quarter valued at approximately $26,526,000. Finally, Mad River Investors acquired a new position in shares of Grayscale Bitcoin Trust during the first quarter valued at approximately $25,251,000.

Grayscale Bitcoin Trust Price Performance

GBTC opened at $50.03 on Friday. The business has a 50 day moving average price of $49.88 and a two-hundred day moving average price of $55.32. The company has a market capitalization of $25.55 billion, a price-to-earnings ratio of 2.29 and a beta of 1.25. Grayscale Bitcoin Trust has a 1-year low of $18.04 and a 1-year high of $65.61.

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.