CRA Financial Services LLC acquired a new stake in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC – Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 32,503 shares of the company’s stock, valued at approximately $2,053,000.
A number of other hedge funds have also recently modified their holdings of the business. Toth Financial Advisory Corp purchased a new position in shares of Grayscale Bitcoin Trust in the first quarter worth $28,000. Harbor Investment Advisory LLC purchased a new stake in shares of Grayscale Bitcoin Trust during the 1st quarter valued at about $34,000. PFS Partners LLC bought a new position in shares of Grayscale Bitcoin Trust in the 1st quarter worth approximately $50,000. Future Financial Wealth Managment LLC purchased a new position in shares of Grayscale Bitcoin Trust in the first quarter worth approximately $63,000. Finally, Roble Belko & Company Inc bought a new stake in Grayscale Bitcoin Trust during the first quarter valued at approximately $65,000.
Grayscale Bitcoin Trust Stock Performance
Shares of GBTC stock traded down $1.28 during mid-day trading on Friday, reaching $53.24. 3,860,291 shares of the company’s stock traded hands, compared to its average volume of 12,870,373. The firm has a market capitalization of $27.19 billion, a PE ratio of 2.29 and a beta of 1.25. Grayscale Bitcoin Trust has a 12 month low of $17.00 and a 12 month high of $65.61. The firm has a 50 day moving average price of $58.01 and a two-hundred day moving average price of $51.41.
Grayscale Bitcoin Trust 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.
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