Grayscale Bitcoin Trust ETF $GBTC Shares Bought by Creative Planning

Creative Planning increased its holdings in Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 8.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 96,247 shares of the company’s stock after acquiring an additional 7,844 shares during the quarter. Creative Planning’s holdings in Grayscale Bitcoin Trust ETF were worth $8,165,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of GBTC. PNC Financial Services Group Inc. increased its holdings in Grayscale Bitcoin Trust ETF by 7.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 49,489 shares of the company’s stock worth $4,198,000 after purchasing an additional 3,621 shares during the last quarter. Advyzon Investment Management LLC acquired a new stake in shares of Grayscale Bitcoin Trust ETF during the second quarter worth approximately $1,091,000. Fagan Associates Inc. grew its position in shares of Grayscale Bitcoin Trust ETF by 4.2% during the second quarter. Fagan Associates Inc. now owns 46,103 shares of the company’s stock worth $3,911,000 after buying an additional 1,867 shares in the last quarter. Summit Asset Management LLC bought a new stake in shares of Grayscale Bitcoin Trust ETF in the second quarter worth $231,000. Finally, Midwest Trust Co acquired a new stake in Grayscale Bitcoin Trust ETF in the second quarter valued at $1,252,000.

Grayscale Bitcoin Trust ETF Price Performance

Shares of GBTC stock opened at $69.99 on Thursday. The firm has a fifty day moving average of $86.54 and a two-hundred day moving average of $86.72. The firm has a market cap of $16.85 billion, a P/E ratio of 2.23 and a beta of 2.40. Grayscale Bitcoin Trust ETF has a 1-year low of $59.79 and a 1-year high of $99.12.

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.