Wealthspire Advisors LLC Purchases 4,353 Shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Wealthspire Advisors LLC increased its position in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 9.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,416 shares of the company’s stock after acquiring an additional 4,353 shares during the quarter. Wealthspire Advisors LLC’s holdings in Grayscale Bitcoin Trust were worth $3,732,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. International Assets Investment Management LLC increased its holdings in shares of Grayscale Bitcoin Trust by 4,950.0% during the 3rd quarter. International Assets Investment Management LLC now owns 193,415 shares of the company’s stock worth $97,670,000 after purchasing an additional 189,585 shares during the period. Allworth Financial LP increased its holdings in shares of Grayscale Bitcoin Trust by 300.8% during the 3rd quarter. Allworth Financial LP now owns 17,521 shares of the company’s stock worth $885,000 after purchasing an additional 13,149 shares during the period. PFG Investments LLC increased its holdings in shares of Grayscale Bitcoin Trust by 60.1% during the 3rd quarter. PFG Investments LLC now owns 12,806 shares of the company’s stock worth $647,000 after purchasing an additional 4,806 shares during the period. Integrated Advisors Network LLC increased its holdings in shares of Grayscale Bitcoin Trust by 3.0% during the 3rd quarter. Integrated Advisors Network LLC now owns 27,721 shares of the company’s stock worth $1,400,000 after purchasing an additional 800 shares during the period. Finally, Highline Wealth Partners LLC bought a new position in shares of Grayscale Bitcoin Trust during the 3rd quarter worth about $147,000.

Grayscale Bitcoin Trust Stock Performance

NYSEARCA:GBTC opened at $75.06 on Monday. The firm’s 50-day moving average is $78.14 and its 200-day moving average is $64.59. Grayscale Bitcoin Trust has a 52-week low of $39.56 and a 52-week high of $86.11. The company has a market cap of $18.97 billion, a price-to-earnings ratio of 2.23 and a beta of 2.51.

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.