BostonPremier Wealth LLC Acquires New Holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

BostonPremier Wealth LLC acquired a new stake in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 3,165 shares of the company’s stock, valued at approximately $234,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GBTC. CWM LLC raised its position in Grayscale Bitcoin Trust by 255.3% during the third quarter. CWM LLC now owns 2,782 shares of the company’s stock valued at $140,000 after acquiring an additional 1,999 shares in the last quarter. Valeo Financial Advisors LLC raised its position in Grayscale Bitcoin Trust by 11.5% during the third quarter. Valeo Financial Advisors LLC now owns 11,378 shares of the company’s stock valued at $575,000 after acquiring an additional 1,171 shares in the last quarter. Koshinski Asset Management Inc. raised its position in Grayscale Bitcoin Trust by 10.1% during the third quarter. Koshinski Asset Management Inc. now owns 6,095 shares of the company’s stock valued at $308,000 after acquiring an additional 560 shares in the last quarter. Sound Income Strategies LLC raised its position in Grayscale Bitcoin Trust by 6.3% during the third quarter. Sound Income Strategies LLC now owns 4,651 shares of the company’s stock valued at $235,000 after acquiring an additional 276 shares in the last quarter. Finally, Compagnie Lombard Odier SCmA grew its holdings in Grayscale Bitcoin Trust by 16.6% during the third quarter. Compagnie Lombard Odier SCmA now owns 14,050 shares of the company’s stock valued at $710,000 after purchasing an additional 2,000 shares during the last quarter.

Grayscale Bitcoin Trust Stock Up 1.6 %

Shares of GBTC stock opened at $77.09 on Tuesday. Grayscale Bitcoin Trust has a 12 month low of $39.56 and a 12 month high of $86.11. The business’s 50 day moving average is $78.55 and its two-hundred day moving average is $62.84. 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 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.