Osbon Capital Management LLC Takes Position in Grayscale Bitcoin Trust ETF $GBTC

Osbon Capital Management LLC purchased a new position in shares of Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) during the fourth quarter, Holdings Channel.com reports. The fund purchased 27,485 shares of the company’s stock, valued at approximately $1,879,000. Grayscale Bitcoin Trust ETF accounts for 1.8% of Osbon Capital Management LLC’s holdings, making the stock its 12th largest position.

Several other hedge funds have also made changes to their positions in GBTC. Ashton Thomas Private Wealth LLC acquired a new stake in Grayscale Bitcoin Trust ETF in the first quarter worth $218,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Grayscale Bitcoin Trust ETF by 63.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,156 shares of the company’s stock valued at $183,000 after acquiring an additional 838 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of Grayscale Bitcoin Trust ETF by 431.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,010 shares of the company’s stock worth $86,000 after acquiring an additional 820 shares during the last quarter. NewEdge Advisors LLC grew its position in shares of Grayscale Bitcoin Trust ETF by 7.6% during the second quarter. NewEdge Advisors LLC now owns 53,577 shares of the company’s stock worth $4,545,000 after acquiring an additional 3,795 shares during the last quarter. Finally, Ieq Capital LLC increased its holdings in shares of Grayscale Bitcoin Trust ETF by 400.6% in the 2nd quarter. Ieq Capital LLC now owns 113,310 shares of the company’s stock worth $9,612,000 after acquiring an additional 90,675 shares during the period.

Grayscale Bitcoin Trust ETF Price Performance

GBTC stock opened at $48.80 on Friday. The stock has a market cap of $11.75 billion, a PE ratio of 2.23 and a beta of 2.15. The firm’s 50-day simple moving average is $56.88 and its 200 day simple moving average is $60.08. Grayscale Bitcoin Trust ETF has a fifty-two week low of $45.88 and a fifty-two week high of $99.12.

About Grayscale Bitcoin Trust ETF

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.