WoodTrust Financial Corp purchased a new position in Grayscale Bitcoin Trust (NYSEARCA:GBTC – Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,703 shares of the company’s stock, valued at approximately $238,000.
Several other institutional investors have also made changes to their positions in GBTC. Jane Street Group LLC acquired a new position in Grayscale Bitcoin Trust in the 1st quarter worth about $117,350,000. Farallon Capital Management LLC acquired a new position in Grayscale Bitcoin Trust in the 1st quarter valued at $85,221,000. Greenwich Wealth Management LLC increased its position in Grayscale Bitcoin Trust by 99.9% in the 3rd quarter. Greenwich Wealth Management LLC now owns 1,076,820 shares of the company’s stock worth $54,379,000 after buying an additional 538,256 shares during the period. LPL Financial LLC increased its position in Grayscale Bitcoin Trust by 7.1% during the second quarter. LPL Financial LLC now owns 1,030,932 shares of the company’s stock worth $54,887,000 after acquiring an additional 68,698 shares during the period. Finally, Bracebridge Capital LLC bought a new stake in Grayscale Bitcoin Trust in the 1st quarter valued at $26,526,000.
Grayscale Bitcoin Trust Stock Performance
NYSEARCA:GBTC opened at $60.65 on Thursday. The firm’s 50-day moving average is $50.55 and its 200-day moving average is $53.50. The company has a market cap of $30.97 billion, a price-to-earnings ratio of 2.29 and a beta of 1.25. Grayscale Bitcoin Trust has a 52-week low of $26.58 and a 52-week high of $65.61.
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.
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