2,457 Shares in Grayscale Bitcoin Trust ETF $GBTC Bought by Washington Growth Strategies LLC

Washington Growth Strategies LLC acquired a new position in Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) during the second quarter, Holdings Channel reports. The firm acquired 2,457 shares of the company’s stock, valued at approximately $208,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. First Horizon Advisors Inc. raised its position in Grayscale Bitcoin Trust ETF by 90.9% during the first quarter. First Horizon Advisors Inc. now owns 420 shares of the company’s stock valued at $27,000 after purchasing an additional 200 shares in the last quarter. Hurley Capital LLC purchased a new stake in Grayscale Bitcoin Trust ETF during the first quarter valued at about $34,000. Flaharty Asset Management LLC purchased a new stake in Grayscale Bitcoin Trust ETF during the first quarter valued at about $39,000. Cornerstone Planning Group LLC raised its position in Grayscale Bitcoin Trust ETF by 600.0% during the first quarter. Cornerstone Planning Group LLC now owns 875 shares of the company’s stock valued at $57,000 after purchasing an additional 750 shares in the last quarter. Finally, Atticus Wealth Management LLC raised its position in Grayscale Bitcoin Trust ETF by 57.3% during the second quarter. Atticus Wealth Management LLC now owns 1,098 shares of the company’s stock valued at $93,000 after purchasing an additional 400 shares in the last quarter.

Grayscale Bitcoin Trust ETF Stock Up 1.5%

NYSEARCA GBTC opened at $96.36 on Friday. The stock’s 50-day simple moving average is $90.02 and its two-hundred day simple moving average is $82.79. Grayscale Bitcoin Trust ETF has a twelve month low of $46.83 and a twelve month high of $97.34. The company has a market capitalization of $23.20 billion, a price-to-earnings ratio of 2.23 and a beta of 2.47.

Grayscale Bitcoin Trust ETF 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.