Equitable Trust Co. Invests $209,000 in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Equitable Trust Co. purchased a new stake in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 2,824 shares of the company’s stock, valued at approximately $209,000.

A number of other institutional investors also recently bought and sold shares of the stock. Greenwich Wealth Management LLC grew its holdings in shares of Grayscale Bitcoin Trust by 99.9% during the 3rd quarter. Greenwich Wealth Management LLC now owns 1,076,820 shares of the company’s stock worth $54,379,000 after acquiring an additional 538,256 shares during the period. Mad River Investors boosted its position in shares of Grayscale Bitcoin Trust by 26.7% during the third quarter. Mad River Investors now owns 389,745 shares of the company’s stock valued at $19,682,000 after purchasing an additional 82,187 shares in the last quarter. Moors & Cabot Inc. boosted its position in shares of Grayscale Bitcoin Trust by 0.4% during the third quarter. Moors & Cabot Inc. now owns 368,975 shares of the company’s stock valued at $18,633,000 after purchasing an additional 1,305 shares in the last quarter. Strategic Financial Concepts LLC purchased a new stake in Grayscale Bitcoin Trust in the fourth quarter worth $19,360,000. Finally, International Assets Investment Management LLC raised its holdings in Grayscale Bitcoin Trust by 4,950.0% in the third quarter. International Assets Investment Management LLC now owns 193,415 shares of the company’s stock worth $97,670,000 after purchasing an additional 189,585 shares in the last quarter.

Grayscale Bitcoin Trust Trading Down 2.2 %

Shares of Grayscale Bitcoin Trust stock opened at $75.40 on Wednesday. Grayscale Bitcoin Trust has a 12 month low of $39.56 and a 12 month high of $86.11. The firm has a market capitalization of $38.51 billion, a P/E ratio of 2.29 and a beta of 1.25. The business has a fifty day simple moving average of $78.57 and a two-hundred day simple moving average of $62.97.

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.