Virtu Financial LLC increased its holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC – Free Report) by 158.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 137,123 shares of the company’s stock after purchasing an additional 84,134 shares during the quarter. Grayscale Bitcoin Trust accounts for 0.5% of Virtu Financial LLC’s holdings, making the stock its 22nd biggest position. Virtu Financial LLC’s holdings in Grayscale Bitcoin Trust were worth $7,300,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Optimum Investment Advisors acquired a new position in shares of Grayscale Bitcoin Trust in the 1st quarter worth $95,000. BOKF NA acquired a new stake in Grayscale Bitcoin Trust during the 1st quarter worth about $57,000. SeaCrest Wealth Management LLC purchased a new stake in Grayscale Bitcoin Trust during the first quarter valued at about $370,000. Opal Wealth Advisors LLC acquired a new position in shares of Grayscale Bitcoin Trust in the first quarter worth about $262,000. Finally, Level Financial Advisors purchased a new position in shares of Grayscale Bitcoin Trust in the first quarter worth approximately $255,000.
Grayscale Bitcoin Trust Price Performance
GBTC stock opened at $46.15 on Tuesday. The company’s 50 day simple moving average is $50.05 and its 200-day simple moving average is $55.54. Grayscale Bitcoin Trust has a 52-week low of $18.04 and a 52-week high of $65.61. The firm has a market capitalization of $23.57 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.
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