Walkner Condon Financial Advisors LLC Makes New Investment in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Walkner Condon Financial Advisors LLC purchased a new position in Grayscale Bitcoin Trust (NYSEARCA:GBTC) during the 4th quarter, Holdings Channel reports. The firm purchased 2,908 shares of the company’s stock, valued at approximately $215,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Activest Wealth Management grew its position in Grayscale Bitcoin Trust by 53.0% in the 4th quarter. Activest Wealth Management now owns 404 shares of the company’s stock worth $30,000 after purchasing an additional 140 shares during the last quarter. Mutual Advisors LLC grew its position in Grayscale Bitcoin Trust by 2.0% in the 4th quarter. Mutual Advisors LLC now owns 7,326 shares of the company’s stock worth $583,000 after purchasing an additional 146 shares during the last quarter. Synovus Financial Corp grew its position in Grayscale Bitcoin Trust by 0.8% in the 3rd quarter. Synovus Financial Corp now owns 20,956 shares of the company’s stock worth $1,058,000 after purchasing an additional 169 shares during the last quarter. Flagstar Advisors Inc. boosted its position in shares of Grayscale Bitcoin Trust by 2.7% during the 3rd quarter. Flagstar Advisors Inc. now owns 7,472 shares of the company’s stock valued at $377,000 after acquiring an additional 196 shares in the last quarter. Finally, Choreo LLC boosted its position in shares of Grayscale Bitcoin Trust by 0.8% during the 4th 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.

Grayscale Bitcoin Trust Stock Performance

Shares of Grayscale Bitcoin Trust stock opened at $77.01 on Friday. The firm’s 50-day simple moving average is $78.47 and its 200-day simple moving average is $63.27. Grayscale Bitcoin Trust has a twelve month low of $39.56 and a twelve month high of $86.11. The firm has a market cap of $39.33 billion, a P/E 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.