Purkiss Capital Advisors LLC Makes New Investment in Grayscale Bitcoin Trust ETF $GBTC

Purkiss Capital Advisors LLC purchased a new stake in shares of Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 2,958 shares of the company’s stock, valued at approximately $251,000.

Other institutional investors have also recently made changes to their positions in the company. First Horizon Advisors Inc. boosted its holdings in shares of Grayscale Bitcoin Trust ETF by 90.9% in the first quarter. First Horizon Advisors Inc. now owns 420 shares of the company’s stock worth $27,000 after buying an additional 200 shares during the last quarter. Hurley Capital LLC bought a new position in Grayscale Bitcoin Trust ETF in the first quarter worth approximately $34,000. Flaharty Asset Management LLC bought a new position in Grayscale Bitcoin Trust ETF in the first quarter worth approximately $39,000. Cornerstone Planning Group LLC boosted its stake in shares of Grayscale Bitcoin Trust ETF by 600.0% during the 1st 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 last quarter. Finally, Headlands Technologies LLC grew its position in shares of Grayscale Bitcoin Trust ETF by 227.0% during the 1st quarter. Headlands Technologies LLC now owns 1,128 shares of the company’s stock valued at $74,000 after acquiring an additional 783 shares during the period.

Grayscale Bitcoin Trust ETF Price Performance

NYSEARCA:GBTC opened at $90.09 on Tuesday. The firm has a market capitalization of $21.69 billion, a price-to-earnings ratio of 2.23 and a beta of 2.40. Grayscale Bitcoin Trust ETF has a one year low of $53.37 and a one year high of $99.12. The business has a fifty day moving average price of $89.25 and a 200-day moving average price of $85.66.

Grayscale Bitcoin Trust ETF Company 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.