Grayscale Bitcoin Trust ETF $GBTC Shares Bought by Princeton Capital Management LLC

Princeton Capital Management LLC raised its holdings in shares of Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 20.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,677 shares of the company’s stock after acquiring an additional 1,137 shares during the period. Princeton Capital Management LLC’s holdings in Grayscale Bitcoin Trust ETF were worth $566,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in GBTC. Hurley Capital LLC acquired a new position in Grayscale Bitcoin Trust ETF during the first quarter valued at $34,000. Flaharty Asset Management LLC purchased a new position in shares of Grayscale Bitcoin Trust ETF during the 1st quarter valued at about $39,000. Atlantic Union Bankshares Corp acquired a new position in shares of Grayscale Bitcoin Trust ETF in the 2nd quarter valued at about $42,000. First Horizon Advisors Inc. boosted its stake in shares of Grayscale Bitcoin Trust ETF by 36.9% in the second quarter. First Horizon Advisors Inc. now owns 575 shares of the company’s stock worth $49,000 after buying an additional 155 shares during the last quarter. Finally, Cornerstone Planning Group LLC grew its holdings in Grayscale Bitcoin Trust ETF by 600.0% during 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 during the period.

Grayscale Bitcoin Trust ETF Trading Down 2.9%

Shares of NYSEARCA:GBTC opened at $78.98 on Friday. Grayscale Bitcoin Trust ETF has a 12-month low of $59.29 and a 12-month high of $99.12. The company has a market capitalization of $19.01 billion, a PE ratio of 2.23 and a beta of 2.40. The business has a 50 day moving average of $88.43 and a two-hundred day moving average of $86.48.

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.