Genesee Capital Advisors LLC purchased a new position in Grayscale Bitcoin Trust (NYSEARCA:GBTC – Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,995 shares of the company’s stock, valued at approximately $296,000.
Other hedge funds also recently modified their holdings of the company. Bank of Montreal Can boosted its stake in shares of Grayscale Bitcoin Trust by 80.5% during the second quarter. Bank of Montreal Can now owns 19,128 shares of the company’s stock valued at $1,057,000 after purchasing an additional 8,533 shares in the last quarter. Ascent Group LLC bought a new position in shares of Grayscale Bitcoin Trust during the second quarter valued at about $215,000. Creative Planning increased its holdings in Grayscale Bitcoin Trust by 1.3% during the second quarter. Creative Planning now owns 82,857 shares of the company’s stock worth $4,411,000 after buying an additional 1,074 shares during the last quarter. Sunbelt Securities Inc. increased its holdings in Grayscale Bitcoin Trust by 8.8% during the second quarter. Sunbelt Securities Inc. now owns 4,322 shares of the company’s stock worth $230,000 after buying an additional 350 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. purchased a new position in shares of Grayscale Bitcoin Trust in the second quarter worth about $2,158,000.
Grayscale Bitcoin Trust Trading Down 0.1 %
Shares of NYSEARCA:GBTC opened at $80.17 on Wednesday. Grayscale Bitcoin Trust has a 12 month low of $37.31 and a 12 month high of $86.11. The stock has a market cap of $40.94 billion, a P/E ratio of 2.29 and a beta of 1.25. The company has a 50 day moving average of $77.94 and a 200 day moving average of $61.44.
About Grayscale Bitcoin Trust
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.
Further Reading
- Five stocks we like better than Grayscale Bitcoin Trust
- The Risks of Owning Bonds
- Survey Reveals: Top 150 Best Coffee Shops for Remote Workers and Business Deals [2025]
- What is a SEC Filing?
- What Does the Future Hold for Eli Lilly?
- Dividend King Proctor & Gamble Is A Buy On Post-Earnings Weakness
- Oracle Stock Drops Nearly 14% – Is Now the Time to Buy?
Want to see what other hedge funds are holding GBTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Grayscale Bitcoin Trust (NYSEARCA:GBTC – Free Report).
Receive News & Ratings for Grayscale Bitcoin Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grayscale Bitcoin Trust and related companies with MarketBeat.com's FREE daily email newsletter.
