Huntington National Bank Purchases 350 Shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Huntington National Bank boosted its position in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 28.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 1,602 shares of the company’s stock after buying an additional 350 shares during the quarter. Huntington National Bank’s holdings in Grayscale Bitcoin Trust were worth $119,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Rothschild Investment LLC raised its position in shares of Grayscale Bitcoin Trust by 0.9% during the 4th quarter. Rothschild Investment LLC now owns 14,490 shares of the company’s stock valued at $1,073,000 after acquiring an additional 130 shares during the last quarter. Activest Wealth Management increased its holdings in Grayscale Bitcoin Trust by 53.0% in the fourth quarter. Activest Wealth Management now owns 404 shares of the company’s stock valued at $30,000 after purchasing an additional 140 shares during the last quarter. Mutual Advisors LLC increased its holdings in Grayscale Bitcoin Trust by 2.0% in the fourth quarter. Mutual Advisors LLC now owns 7,326 shares of the company’s stock valued at $583,000 after purchasing an additional 146 shares during the last quarter. Pine Valley Investments Ltd Liability Co lifted its stake in Grayscale Bitcoin Trust by 1.0% in the fourth quarter. Pine Valley Investments Ltd Liability Co now owns 16,906 shares of the company’s stock valued at $1,251,000 after buying an additional 165 shares during the period. Finally, Synovus Financial Corp boosted its holdings in Grayscale Bitcoin Trust by 0.8% during the third quarter. Synovus Financial Corp now owns 20,956 shares of the company’s stock worth $1,058,000 after buying an additional 169 shares during the last quarter.

Grayscale Bitcoin Trust Price Performance

Shares of GBTC stock opened at $66.32 on Monday. The stock has a market cap of $16.26 billion, a PE ratio of 2.23 and a beta of 2.59. The stock has a 50-day moving average of $71.60 and a 200-day moving average of $68.87. Grayscale Bitcoin Trust has a one year low of $39.56 and a one year high of $86.11.

Grayscale Bitcoin Trust 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.