Hurley Capital LLC Takes $34,000 Position in Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC)

Hurley Capital LLC purchased a new stake in Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) during the first quarter, according to its most recent filing with the SEC. The firm purchased 517 shares of the company’s stock, valued at approximately $34,000.

A number of other institutional investors have also recently made changes to their positions in the business. Patten & Patten Inc. TN boosted its position in shares of Grayscale Bitcoin Trust ETF by 12.3% in the 1st quarter. Patten & Patten Inc. TN now owns 4,137 shares of the company’s stock worth $270,000 after purchasing an additional 452 shares in the last quarter. Foundations Investment Advisors LLC lifted its position in Grayscale Bitcoin Trust ETF by 0.4% during the 1st quarter. Foundations Investment Advisors LLC now owns 144,456 shares of the company’s stock worth $9,414,000 after acquiring an additional 621 shares during the period. Richards Merrill & Peterson Inc. lifted its position in Grayscale Bitcoin Trust ETF by 75.2% during the 1st quarter. Richards Merrill & Peterson Inc. now owns 5,579 shares of the company’s stock worth $364,000 after acquiring an additional 2,395 shares during the period. Inspire Advisors LLC acquired a new stake in Grayscale Bitcoin Trust ETF during the 1st quarter worth about $305,000. Finally, Equitable Trust Co. lifted its position in Grayscale Bitcoin Trust ETF by 123.9% during the 1st quarter. Equitable Trust Co. now owns 6,324 shares of the company’s stock worth $412,000 after acquiring an additional 3,500 shares during the period.

Grayscale Bitcoin Trust ETF Stock Performance

NYSEARCA GBTC opened at $92.38 on Wednesday. The stock has a 50-day simple moving average of $86.65 and a two-hundred day simple moving average of $77.78. The firm has a market capitalization of $21.53 billion, a P/E ratio of 2.23 and a beta of 2.47. Grayscale Bitcoin Trust ETF has a fifty-two week low of $39.56 and a fifty-two week high of $96.16.

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.