2,507 Shares in Grayscale Bitcoin Trust ETF $GBTC Acquired by Inspire Investing LLC

Inspire Investing LLC purchased a new position in shares of Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) in the second quarter, Holdings Channel.com reports. The firm purchased 2,507 shares of the company’s stock, valued at approximately $213,000.

Other institutional investors also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. raised its holdings in shares of Grayscale Bitcoin Trust ETF by 90.9% in the first quarter. First Horizon Advisors Inc. now owns 420 shares of the company’s stock valued at $27,000 after buying an additional 200 shares during the last quarter. Hurley Capital LLC purchased a new position in Grayscale Bitcoin Trust ETF during the 1st quarter worth $34,000. Flaharty Asset Management LLC acquired a new stake in shares of Grayscale Bitcoin Trust ETF in the 1st quarter worth $39,000. Cornerstone Planning Group LLC raised its position in Grayscale Bitcoin Trust ETF by 600.0% in the first quarter. Cornerstone Planning Group LLC now owns 875 shares of the company’s stock worth $57,000 after acquiring an additional 750 shares in the last quarter. Finally, Headlands Technologies LLC boosted its stake in shares of Grayscale Bitcoin Trust ETF by 227.0% during the 1st quarter. Headlands Technologies LLC now owns 1,128 shares of the company’s stock worth $74,000 after acquiring an additional 783 shares in the last quarter.

Grayscale Bitcoin Trust ETF Trading Down 1.6%

NYSEARCA:GBTC opened at $83.46 on Friday. Grayscale Bitcoin Trust ETF has a twelve month low of $51.83 and a twelve month high of $99.12. The firm has a 50-day moving average price of $90.01 and a two-hundred day moving average price of $84.41. The company has a market capitalization of $20.09 billion, a P/E ratio of 2.23 and a beta of 2.47.

Grayscale Bitcoin Trust ETF 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.