TRU Independence Asset Management 2 LLC Acquires 880 Shares of Grayscale Bitcoin Trust ETF $GBTC

TRU Independence Asset Management 2 LLC raised its holdings in shares of Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 21.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,050 shares of the company’s stock after acquiring an additional 880 shares during the quarter. TRU Independence Asset Management 2 LLC’s holdings in Grayscale Bitcoin Trust ETF were worth $428,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vestia Personal Wealth Advisors bought a new stake in Grayscale Bitcoin Trust ETF during the 2nd quarter valued at $225,000. Maridea Wealth Management LLC grew its position in shares of Grayscale Bitcoin Trust ETF by 11.9% during the 2nd quarter. Maridea Wealth Management LLC now owns 21,626 shares of the company’s stock valued at $1,835,000 after purchasing an additional 2,304 shares in the last quarter. Kennicott Capital Management LLC purchased a new position in shares of Grayscale Bitcoin Trust ETF during the 2nd quarter valued at $221,000. Oxinas Partners Wealth Management LLC purchased a new position in shares of Grayscale Bitcoin Trust ETF during the 2nd quarter valued at $225,000. Finally, Hartmann Taylor Wealth Management LLC purchased a new position in shares of Grayscale Bitcoin Trust ETF during the 2nd quarter valued at $208,000.

Grayscale Bitcoin Trust ETF Price Performance

GBTC opened at $85.65 on Friday. The company has a fifty day moving average price of $90.05 and a 200-day moving average price of $81.85. The firm has a market capitalization of $20.62 billion, a P/E ratio of 2.23 and a beta of 2.47. Grayscale Bitcoin Trust ETF has a one year low of $46.83 and a one year high of $96.62.

Grayscale Bitcoin Trust ETF 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.