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

Financial Perspectives Inc cut its holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 83.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 485 shares of the company’s stock after selling 2,413 shares during the quarter. Financial Perspectives Inc’s holdings in Grayscale Bitcoin Trust were worth $26,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Optimum Investment Advisors bought a new position in shares of Grayscale Bitcoin Trust during the first quarter valued at approximately $95,000. BOKF NA bought a new stake in Grayscale Bitcoin Trust in the first quarter worth $57,000. SeaCrest Wealth Management LLC bought a new stake in Grayscale Bitcoin Trust in the first quarter worth $370,000. Opal Wealth Advisors LLC purchased a new stake in shares of Grayscale Bitcoin Trust in the first quarter worth $262,000. Finally, Level Financial Advisors bought a new position in shares of Grayscale Bitcoin Trust during the first quarter valued at $255,000.

Grayscale Bitcoin Trust Price Performance

Shares of Grayscale Bitcoin Trust stock opened at $47.64 on Monday. Grayscale Bitcoin Trust has a 1 year low of $18.04 and a 1 year high of $65.61. The firm’s 50-day moving average is $50.12 and its 200 day moving average is $55.61. The stock has a market cap of $24.33 billion, a price-to-earnings ratio of 2.29 and a beta of 1.25.

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.