Grayscale Bitcoin Trust ETF $GBTC Stock Bought by Lido Advisors LLC

Lido Advisors LLC lifted its holdings in Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 17.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 162,423 shares of the company’s stock after purchasing an additional 23,901 shares during the period. Lido Advisors LLC owned about 0.08% of Grayscale Bitcoin Trust ETF worth $10,491,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in GBTC. International Assets Investment Management LLC lifted its stake in Grayscale Bitcoin Trust ETF by 5,295.7% during the third quarter. International Assets Investment Management LLC now owns 300,000 shares of the company’s stock valued at $19,377,000 after purchasing an additional 294,440 shares during the last quarter. Kestra Advisory Services LLC grew its position in Grayscale Bitcoin Trust ETF by 3.0% in the third quarter. Kestra Advisory Services LLC now owns 97,781 shares of the company’s stock worth $6,316,000 after buying an additional 2,815 shares during the last quarter. Farther Finance Advisors LLC grew its position in Grayscale Bitcoin Trust ETF by 2.0% in the third quarter. Farther Finance Advisors LLC now owns 75,047 shares of the company’s stock worth $4,847,000 after buying an additional 1,465 shares during the last quarter. Guild Investment Management Inc. increased its holdings in shares of Grayscale Bitcoin Trust ETF by 0.8% in the third quarter. Guild Investment Management Inc. now owns 68,173 shares of the company’s stock valued at $4,403,000 after buying an additional 543 shares in the last quarter. Finally, Independent Financial Group LLC bought a new position in shares of Grayscale Bitcoin Trust ETF in the first quarter valued at $2,691,000.

Grayscale Bitcoin Trust ETF Stock Performance

Shares of NYSEARCA:GBTC opened at $57.57 on Thursday. Grayscale Bitcoin Trust ETF has a one year low of $44.98 and a one year high of $82.14. The stock has a fifty day moving average of $62.32 and a 200-day moving average of $56.41. The company has a market capitalization of $11.17 billion, a PE ratio of 2.23 and a beta of 2.04.

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.