Laidlaw Wealth Management LLC Takes Position in Grayscale Bitcoin Trust ETF $GBTC

Laidlaw Wealth Management LLC purchased a new position in Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,335 shares of the company’s stock, valued at approximately $283,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. BCS Wealth Management grew its stake in shares of Grayscale Bitcoin Trust ETF by 1.2% in the 2nd quarter. BCS Wealth Management now owns 9,151 shares of the company’s stock valued at $776,000 after purchasing an additional 110 shares during the period. TD Waterhouse Canada Inc. boosted its stake in Grayscale Bitcoin Trust ETF by 2.1% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 5,356 shares of the company’s stock valued at $444,000 after buying an additional 111 shares in the last quarter. Soltis Investment Advisors LLC boosted its stake in Grayscale Bitcoin Trust ETF by 0.6% in the 2nd quarter. Soltis Investment Advisors LLC now owns 20,088 shares of the company’s stock valued at $1,704,000 after buying an additional 113 shares in the last quarter. Axxcess Wealth Management LLC grew its position in Grayscale Bitcoin Trust ETF by 1.5% in the second quarter. Axxcess Wealth Management LLC now owns 7,871 shares of the company’s stock valued at $668,000 after acquiring an additional 118 shares during the period. Finally, MAI Capital Management raised its stake in Grayscale Bitcoin Trust ETF by 0.5% during the second quarter. MAI Capital Management now owns 23,861 shares of the company’s stock worth $2,024,000 after acquiring an additional 125 shares in the last quarter.

Grayscale Bitcoin Trust ETF Stock Performance

Shares of NYSEARCA GBTC opened at $70.38 on Friday. The stock has a market cap of $16.94 billion, a PE ratio of 2.23 and a beta of 2.40. The business has a fifty day moving average of $83.85 and a two-hundred day moving average of $86.30. Grayscale Bitcoin Trust ETF has a 52-week low of $59.79 and a 52-week 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.