Cetera Advisors LLC Buys Shares of 182,917 Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Cetera Advisors LLC purchased a new position in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 182,917 shares of the company’s stock, valued at approximately $11,555,000.

Several other hedge funds also recently modified their holdings of GBTC. Jane Street Group LLC acquired a new position in shares of Grayscale Bitcoin Trust in the first quarter valued at $117,350,000. Farallon Capital Management LLC acquired a new position in shares of Grayscale Bitcoin Trust in the 1st quarter valued at $85,221,000. Sloy Dahl & Holst LLC acquired a new position in shares of Grayscale Bitcoin Trust in the 1st quarter valued at $32,959,000. Bracebridge Capital LLC bought a new position in shares of Grayscale Bitcoin Trust during the 1st quarter worth about $26,526,000. Finally, Mad River Investors acquired a new stake in shares of Grayscale Bitcoin Trust during the 1st quarter valued at about $25,251,000.

Grayscale Bitcoin Trust Trading Down 1.3 %

NYSEARCA:GBTC traded down $0.66 during mid-day trading on Friday, hitting $49.87. The company’s stock had a trading volume of 6,189,244 shares, compared to its average volume of 11,509,163. The company has a market capitalization of $25.47 billion, a price-to-earnings ratio of 2.29 and a beta of 1.25. Grayscale Bitcoin Trust has a fifty-two week low of $17.00 and a fifty-two week high of $65.61. The stock has a fifty day moving average of $56.83 and a 200-day moving average of $54.46.

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.