710 Shares in Grayscale Bitcoin Trust (NYSEARCA:GBTC) Acquired by Redwood Park Advisors LLC

Redwood Park Advisors LLC purchased a new position in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 710 shares of the company’s stock, valued at approximately $53,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Wealth Quarterback LLC bought a new stake in shares of Grayscale Bitcoin Trust during the fourth quarter worth approximately $215,000. RFG Advisory LLC bought a new stake in Grayscale Bitcoin Trust in the fourth quarter valued at approximately $262,000. Arkadios Wealth Advisors bought a new stake in Grayscale Bitcoin Trust in the fourth quarter valued at approximately $245,000. U.S. Capital Wealth Advisors LLC bought a new stake in Grayscale Bitcoin Trust in the fourth quarter valued at approximately $692,000. Finally, Mutual Advisors LLC increased its stake in Grayscale Bitcoin Trust by 2.0% in the fourth quarter. Mutual Advisors LLC now owns 7,326 shares of the company’s stock valued at $583,000 after purchasing an additional 146 shares in the last quarter.

Grayscale Bitcoin Trust Stock Performance

Shares of NYSEARCA:GBTC opened at $65.04 on Thursday. The company has a market capitalization of $15.94 billion, a PE ratio of 2.23 and a beta of 2.59. Grayscale Bitcoin Trust has a 52 week low of $39.56 and a 52 week high of $86.11. The company has a 50 day moving average price of $69.72 and a two-hundred day moving average price of $69.03.

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.