Grayscale Bitcoin Trust ETF $GBTC Shares Bought by Belpointe Asset Management LLC

Belpointe Asset Management LLC boosted its holdings in shares of Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 1.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,446 shares of the company’s stock after acquiring an additional 155 shares during the period. Belpointe Asset Management LLC’s holdings in Grayscale Bitcoin Trust ETF were worth $1,141,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. First Horizon Advisors Inc. grew its holdings in shares of Grayscale Bitcoin Trust ETF by 90.9% during the first quarter. First Horizon Advisors Inc. now owns 420 shares of the company’s stock worth $27,000 after buying an additional 200 shares in the last quarter. Hurley Capital LLC purchased a new stake in shares of Grayscale Bitcoin Trust ETF during the first quarter worth about $34,000. Flaharty Asset Management LLC purchased a new stake in shares of Grayscale Bitcoin Trust ETF during the first quarter worth about $39,000. Cornerstone Planning Group LLC grew its holdings in shares of Grayscale Bitcoin Trust ETF by 600.0% during the first quarter. Cornerstone Planning Group LLC now owns 875 shares of the company’s stock worth $57,000 after buying an additional 750 shares in the last quarter. Finally, Atticus Wealth Management LLC grew its holdings in shares of 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 worth $93,000 after buying an additional 400 shares in the last quarter.

Grayscale Bitcoin Trust ETF Price Performance

Shares of NYSEARCA GBTC opened at $95.37 on Wednesday. The company has a market cap of $22.96 billion, a PE ratio of 2.23 and a beta of 2.47. Grayscale Bitcoin Trust ETF has a 12 month low of $46.83 and a 12 month high of $99.12. The company has a 50-day simple moving average of $90.19 and a 200-day simple moving average of $83.31.

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.