Financial Perspectives Inc Takes Position in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Financial Perspectives Inc bought a new stake in Grayscale Bitcoin Trust (NYSEARCA:GBTC) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 2,898 shares of the company’s stock, valued at approximately $183,000.

A number of other institutional investors have also modified their holdings of the stock. Dixon Mitchell Investment Counsel Inc. acquired a new stake in shares of Grayscale Bitcoin Trust in the 1st quarter valued at about $27,000. Toth Financial Advisory Corp bought a new stake in shares of Grayscale Bitcoin Trust during the 1st quarter valued at about $28,000. Atticus Wealth Management LLC bought a new stake in shares of Grayscale Bitcoin Trust during the 1st quarter valued at about $33,000. Harbor Investment Advisory LLC bought a new stake in shares of Grayscale Bitcoin Trust during the 1st quarter valued at about $34,000. Finally, Valley National Advisers Inc. bought a new stake in shares of Grayscale Bitcoin Trust during the 1st quarter valued at about $34,000.

Grayscale Bitcoin Trust Price Performance

Shares of NYSEARCA:GBTC traded down $1.23 during trading on Thursday, reaching $53.66. 1,743,499 shares of the company’s stock traded hands, compared to its average volume of 12,631,063. Grayscale Bitcoin Trust has a 12 month low of $17.00 and a 12 month high of $65.61. The company has a 50 day moving average of $57.80 and a 200-day moving average of $51.82. The stock has a market capitalization of $27.40 billion, a P/E ratio of 2.29 and a beta of 1.25.

Grayscale Bitcoin Trust 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.