Headinvest LLC Buys New Position in Grayscale Bitcoin Trust ETF $GBTC

Headinvest LLC bought a new stake in Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) in the fourth quarter, HoldingsChannel reports. The fund bought 25,000 shares of the company’s stock, valued at approximately $1,709,000.

A number of other large investors have also recently made changes to their positions in GBTC. Ciovacco Capital Management LLC purchased a new stake in Grayscale Bitcoin Trust ETF during the 3rd quarter valued at approximately $696,000. CWM LLC raised its stake in Grayscale Bitcoin Trust ETF by 117.9% during the 3rd quarter. CWM LLC now owns 12,571 shares of the company’s stock valued at $1,128,000 after acquiring an additional 6,802 shares during the last quarter. Traynor Capital Management Inc. purchased a new stake in Grayscale Bitcoin Trust ETF during the 3rd quarter valued at approximately $775,000. NavPoint Financial Inc. raised its stake in Grayscale Bitcoin Trust ETF by 407.7% during the 4th quarter. NavPoint Financial Inc. now owns 13,200 shares of the company’s stock valued at $902,000 after acquiring an additional 10,600 shares during the last quarter. Finally, Integras Partners LLC purchased a new stake in Grayscale Bitcoin Trust ETF during the 3rd quarter valued at approximately $1,651,000.

Grayscale Bitcoin Trust ETF Price Performance

GBTC opened at $60.97 on Monday. The business has a 50 day moving average price of $55.49 and a two-hundred day moving average price of $65.55. The company has a market cap of $14.68 billion, a PE ratio of 2.23 and a beta of 2.22. Grayscale Bitcoin Trust ETF has a 52 week low of $48.56 and a 52 week high of $99.12.

About Grayscale Bitcoin Trust ETF

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.