Creative Planning Has $4.21 Million Holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Creative Planning boosted its stake in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 0.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 83,315 shares of the company’s stock after buying an additional 458 shares during the period. Creative Planning’s holdings in Grayscale Bitcoin Trust were worth $4,207,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Kathleen S. Wright Associates Inc. grew its stake in Grayscale Bitcoin Trust by 58.7% during the 3rd quarter. Kathleen S. Wright Associates Inc. now owns 4,209 shares of the company’s stock valued at $213,000 after acquiring an additional 1,557 shares in the last quarter. Fiduciary Alliance LLC grew its stake in Grayscale Bitcoin Trust by 20.6% during the 3rd quarter. Fiduciary Alliance LLC now owns 76,683 shares of the company’s stock valued at $3,872,000 after acquiring an additional 13,114 shares in the last quarter. ORG Wealth Partners LLC purchased a new position in Grayscale Bitcoin Trust during the 3rd quarter valued at about $46,000. Compagnie Lombard Odier SCmA grew its stake in Grayscale Bitcoin Trust by 16.6% during the 3rd quarter. Compagnie Lombard Odier SCmA now owns 14,050 shares of the company’s stock valued at $710,000 after acquiring an additional 2,000 shares in the last quarter. Finally, Sound Income Strategies LLC grew its stake in Grayscale Bitcoin Trust by 6.3% during the 3rd quarter. Sound Income Strategies LLC now owns 4,651 shares of the company’s stock valued at $235,000 after acquiring an additional 276 shares in the last quarter.

Grayscale Bitcoin Trust Price Performance

NYSEARCA:GBTC opened at $54.32 on Friday. Grayscale Bitcoin Trust has a fifty-two week low of $24.85 and a fifty-two week high of $65.61. The stock’s 50-day moving average is $49.23 and its two-hundred day moving average is $53.74. The stock has a market cap of $27.74 billion, a PE ratio of 2.29 and a beta of 1.25.

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.