Embree Financial Group Makes New Investment in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Embree Financial Group bought a new position in Grayscale Bitcoin Trust (NYSEARCA:GBTCFree Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 12,510 shares of the company’s stock, valued at approximately $790,000.

Several other hedge funds also recently bought and sold shares of GBTC. Dixon Mitchell Investment Counsel Inc. acquired a new position in shares of Grayscale Bitcoin Trust during the 1st quarter valued at about $27,000. Toth Financial Advisory Corp acquired a new position in shares of Grayscale Bitcoin Trust during the 1st quarter valued at about $28,000. YHB Investment Advisors Inc. acquired a new position in shares of Grayscale Bitcoin Trust during the 1st quarter valued at about $28,000. Hollencrest Capital Management acquired a new position in shares of Grayscale Bitcoin Trust during the 1st quarter valued at about $28,000. Finally, Ulland Investment Advisors LLC acquired a new position in shares of Grayscale Bitcoin Trust during the 1st quarter valued at about $32,000.

Grayscale Bitcoin Trust Stock Performance

Shares of NYSEARCA GBTC traded down $0.43 during mid-day trading on Wednesday, reaching $50.92. 3,476,573 shares of the company traded hands, compared to its average volume of 12,409,668. The stock has a market cap of $26.01 billion, a PE ratio of 2.29 and a beta of 1.25. The company’s fifty day moving average is $57.45 and its two-hundred day moving average is $52.08. Grayscale Bitcoin Trust has a fifty-two week low of $17.00 and a fifty-two week high of $65.61.

Grayscale Bitcoin Trust Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Grayscale Bitcoin Trust (NYSEARCA:GBTC)

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