Grayscale Bitcoin Trust (NYSEARCA:GBTC) Shares Bought by Bleakley Financial Group LLC

Bleakley Financial Group LLC increased its holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 3.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 62,702 shares of the company’s stock after acquiring an additional 2,313 shares during the quarter. Bleakley Financial Group LLC’s holdings in Grayscale Bitcoin Trust were worth $4,641,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vestia Personal Wealth Advisors acquired a new stake in shares of Grayscale Bitcoin Trust during the 4th quarter valued at approximately $206,000. Choreo LLC boosted its holdings in shares of Grayscale Bitcoin Trust by 0.8% in the fourth quarter. Choreo LLC now owns 27,301 shares of the company’s stock valued at $2,026,000 after acquiring an additional 212 shares in the last quarter. Verity Asset Management Inc. boosted its stake in Grayscale Bitcoin Trust by 8.0% during the 4th quarter. Verity Asset Management Inc. now owns 5,797 shares of the company’s stock valued at $415,000 after purchasing an additional 431 shares in the last quarter. Financial Life Planners acquired a new position in Grayscale Bitcoin Trust during the fourth quarter worth about $61,000. Finally, Alterna Wealth Management Inc. acquired a new position in shares of Grayscale Bitcoin Trust in the 4th quarter worth approximately $255,000.

Grayscale Bitcoin Trust Trading Down 1.4 %

NYSEARCA GBTC opened at $77.08 on Thursday. The company has a market cap of $39.37 billion, a PE ratio of 2.29 and a beta of 1.25. Grayscale Bitcoin Trust has a 1 year low of $38.24 and a 1 year high of $86.11. The stock’s 50-day moving average price is $78.57 and its two-hundred day moving average price is $62.46.

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.