Insigneo Advisory Services LLC Acquires 3,067 Shares of Grayscale Bitcoin Trust ETF $GBTC

Insigneo Advisory Services LLC boosted its holdings in Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 37.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,163 shares of the company’s stock after purchasing an additional 3,067 shares during the quarter. Insigneo Advisory Services LLC’s holdings in Grayscale Bitcoin Trust ETF were worth $947,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of GBTC. Hurley Capital LLC bought a new position in shares of Grayscale Bitcoin Trust ETF during the first quarter worth $34,000. Flaharty Asset Management LLC bought a new stake in Grayscale Bitcoin Trust ETF in the 1st quarter valued at $39,000. Atlantic Union Bankshares Corp purchased a new stake in Grayscale Bitcoin Trust ETF in the 2nd quarter worth $42,000. First Horizon Advisors Inc. boosted its holdings in shares of Grayscale Bitcoin Trust ETF by 36.9% during the 2nd quarter. First Horizon Advisors Inc. now owns 575 shares of the company’s stock valued at $49,000 after purchasing an additional 155 shares during the last quarter. Finally, Headlands Technologies LLC grew its position in shares of Grayscale Bitcoin Trust ETF by 227.0% during the first quarter. Headlands Technologies LLC now owns 1,128 shares of the company’s stock valued at $74,000 after purchasing an additional 783 shares in the last quarter.

Grayscale Bitcoin Trust ETF Trading Up 5.4%

Shares of GBTC stock opened at $69.73 on Tuesday. The stock has a market capitalization of $16.79 billion, a price-to-earnings ratio of 2.23 and a beta of 2.40. Grayscale Bitcoin Trust ETF has a 12-month low of $59.79 and a 12-month high of $99.12. The stock’s 50-day moving average price is $85.17 and its 200-day moving average price is $86.62.

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.