Virtu Financial LLC Purchases New Position in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Virtu Financial LLC purchased a new stake in Grayscale Bitcoin Trust (NYSEARCA:GBTC) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 84,417 shares of the company’s stock, valued at approximately $6,249,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Armstrong Advisory Group Inc. increased its stake in shares of Grayscale Bitcoin Trust by 310.0% in the 4th quarter. Armstrong Advisory Group Inc. now owns 410 shares of the company’s stock valued at $30,000 after purchasing an additional 310 shares in the last quarter. Activest Wealth Management increased its stake in Grayscale Bitcoin Trust by 53.0% during the 4th quarter. Activest Wealth Management now owns 404 shares of the company’s stock worth $30,000 after buying an additional 140 shares in the last quarter. Synergy Investment Management LLC purchased a new stake in Grayscale Bitcoin Trust during the 4th quarter worth approximately $30,000. Cullen Frost Bankers Inc. purchased a new stake in Grayscale Bitcoin Trust during the 4th quarter worth approximately $36,000. Finally, Bear Mountain Capital Inc. increased its stake in Grayscale Bitcoin Trust by 162.5% during the 4th quarter. Bear Mountain Capital Inc. now owns 525 shares of the company’s stock worth $43,000 after buying an additional 325 shares in the last quarter.

Grayscale Bitcoin Trust Trading Down 0.3 %

NYSEARCA:GBTC opened at $66.32 on Friday. Grayscale Bitcoin Trust has a 12 month low of $39.56 and a 12 month high of $86.11. The stock has a 50 day moving average of $74.24 and a two-hundred day moving average of $67.06. The firm has a market cap of $16.41 billion, a P/E ratio of 2.23 and a beta of 2.59.

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.