Grayscale Bitcoin Trust ETF $GBTC Shares Acquired by Optimum Investment Advisors

Optimum Investment Advisors lifted its holdings in shares of Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 69.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,548 shares of the company’s stock after purchasing an additional 1,048 shares during the quarter. Optimum Investment Advisors’ holdings in Grayscale Bitcoin Trust ETF were worth $216,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in GBTC. Palacios Wealth Management LLC acquired a new stake in shares of Grayscale Bitcoin Trust ETF during the first quarter worth about $65,170,000. DRW Securities LLC lifted its position in shares of Grayscale Bitcoin Trust ETF by 849.0% during the first quarter. DRW Securities LLC now owns 370,589 shares of the company’s stock worth $24,151,000 after purchasing an additional 331,538 shares in the last quarter. SCS Capital Management LLC acquired a new stake in shares of Grayscale Bitcoin Trust ETF during the first quarter worth about $4,950,000. Cresset Asset Management LLC lifted its position in shares of Grayscale Bitcoin Trust ETF by 27.0% during the first quarter. Cresset Asset Management LLC now owns 299,976 shares of the company’s stock worth $19,549,000 after purchasing an additional 63,749 shares in the last quarter. Finally, Ethos Financial Group LLC acquired a new stake in shares of Grayscale Bitcoin Trust ETF during the first quarter worth about $3,468,000.

Grayscale Bitcoin Trust ETF Stock Performance

Shares of GBTC opened at $86.69 on Friday. The company’s 50-day simple moving average is $89.28 and its 200-day simple moving average is $85.34. Grayscale Bitcoin Trust ETF has a 1 year low of $52.37 and a 1 year high of $99.12. The stock has a market capitalization of $20.87 billion, a PE ratio of 2.23 and a beta of 2.47.

Grayscale Bitcoin Trust ETF 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.