Panoramic Investment Advisors LLC Purchases Shares of 8,048 Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Panoramic Investment Advisors LLC purchased a new stake in Grayscale Bitcoin Trust (NYSEARCA:GBTC) during the first quarter, Holdings Channel.com reports. The institutional investor purchased 8,048 shares of the company’s stock, valued at approximately $508,000.

A number of other institutional investors have also recently made changes to their positions in GBTC. Winch Advisory Services LLC bought a new stake in shares of Grayscale Bitcoin Trust in the 4th quarter valued at about $66,000. Next Capital Management LLC bought a new stake in shares of Grayscale Bitcoin Trust during the 4th quarter valued at about $670,000. Equitable Trust Co. bought a new stake in shares of Grayscale Bitcoin Trust during the 4th quarter valued at about $203,000. Canton Hathaway LLC bought a new stake in shares of Grayscale Bitcoin Trust during the 4th quarter valued at about $942,000. Finally, SVB Wealth LLC bought a new stake in shares of Grayscale Bitcoin Trust during the 4th quarter valued at about $770,000.

Grayscale Bitcoin Trust Price Performance

Shares of Grayscale Bitcoin Trust stock traded down $1.25 on Tuesday, hitting $54.84. 1,428,535 shares of the company’s stock traded hands, compared to its average volume of 12,701,670. Grayscale Bitcoin Trust has a one year low of $17.00 and a one year high of $65.61. The company has a fifty day moving average of $57.95 and a two-hundred day moving average of $51.63. The company has a market capitalization of $28.01 billion, a price-to-earnings ratio of 2.29 and a beta of 1.25.

Grayscale Bitcoin Trust 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.