One Capital Management LLC Acquires 1,710 Shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC)

One Capital Management LLC raised its holdings in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 8.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,202 shares of the company’s stock after acquiring an additional 1,710 shares during the quarter. One Capital Management LLC’s holdings in Grayscale Bitcoin Trust were worth $1,129,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. DHJJ Financial Advisors Ltd. bought a new stake in Grayscale Bitcoin Trust during the second quarter valued at about $26,000. Dixon Mitchell Investment Counsel Inc. bought a new stake in Grayscale Bitcoin Trust during the first quarter valued at about $27,000. Global Wealth Strategies & Associates bought a new stake in Grayscale Bitcoin Trust during the second quarter valued at about $27,000. YHB Investment Advisors Inc. bought a new stake in Grayscale Bitcoin Trust during the first quarter valued at about $28,000. Finally, Toth Financial Advisory Corp bought a new stake in Grayscale Bitcoin Trust during the first quarter valued at about $28,000.

Grayscale Bitcoin Trust Stock Down 3.1 %

NYSEARCA:GBTC opened at $46.15 on Tuesday. Grayscale Bitcoin Trust has a 52 week low of $18.04 and a 52 week high of $65.61. The business’s 50-day simple moving average is $50.05 and its two-hundred day simple moving average is $55.54. The stock has a market cap of $23.57 billion, a PE ratio of 2.29 and a beta of 1.25.

About Grayscale Bitcoin Trust

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.