TRU Independence Asset Management 2 LLC Buys New Holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

TRU Independence Asset Management 2 LLC purchased a new position in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 4,170 shares of the company’s stock, valued at approximately $309,000.

A number of other hedge funds also recently made changes to their positions in GBTC. Arkadios Wealth Advisors acquired a new stake in Grayscale Bitcoin Trust in the 4th quarter valued at $245,000. SJS Investment Consulting Inc. lifted its holdings in shares of Grayscale Bitcoin Trust by 109.7% during the fourth quarter. SJS Investment Consulting Inc. now owns 57,565 shares of the company’s stock valued at $4,261,000 after acquiring an additional 30,112 shares during the period. Bleakley Financial Group LLC boosted its stake in shares of Grayscale Bitcoin Trust by 2.3% in the 3rd quarter. Bleakley Financial Group LLC now owns 60,389 shares of the company’s stock valued at $3,050,000 after purchasing an additional 1,349 shares in the last quarter. ORG Wealth Partners LLC bought a new stake in shares of Grayscale Bitcoin Trust in the 3rd quarter worth about $46,000. Finally, Intellectus Partners LLC increased its position in shares of Grayscale Bitcoin Trust by 4.1% during the 3rd quarter. Intellectus Partners LLC now owns 79,934 shares of the company’s stock worth $4,037,000 after purchasing an additional 3,165 shares in the last quarter.

Grayscale Bitcoin Trust Stock Down 3.5 %

NYSEARCA:GBTC opened at $80.25 on Tuesday. The firm has a market cap of $40.98 billion, a PE ratio of 2.29 and a beta of 1.25. Grayscale Bitcoin Trust has a 12 month low of $37.31 and a 12 month high of $86.11. The company’s 50-day moving average price is $77.79 and its two-hundred day moving average price is $61.23.

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.