Upper Left Wealth Management LLC Has $1.32 Million Position in Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC)

Upper Left Wealth Management LLC boosted its position in shares of Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 0.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,176 shares of the company’s stock after purchasing an additional 162 shares during the quarter. Grayscale Bitcoin Trust ETF accounts for about 0.9% of Upper Left Wealth Management LLC’s investment portfolio, making the stock its 29th biggest holding. Upper Left Wealth Management LLC’s holdings in Grayscale Bitcoin Trust ETF were worth $1,315,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Rothschild Investment LLC grew its holdings in shares of Grayscale Bitcoin Trust ETF by 0.9% in the 4th quarter. Rothschild Investment LLC now owns 14,490 shares of the company’s stock valued at $1,073,000 after buying an additional 130 shares during the period. Activest Wealth Management grew its stake in Grayscale Bitcoin Trust ETF by 53.0% in the fourth quarter. Activest Wealth Management now owns 404 shares of the company’s stock valued at $30,000 after acquiring an additional 140 shares during the period. Pine Valley Investments Ltd Liability Co grew its stake in Grayscale Bitcoin Trust ETF by 1.0% in the fourth quarter. Pine Valley Investments Ltd Liability Co now owns 16,906 shares of the company’s stock valued at $1,251,000 after acquiring an additional 165 shares during the period. Townsquare Capital LLC grew its position in shares of Grayscale Bitcoin Trust ETF by 1.4% in the 4th quarter. Townsquare Capital LLC now owns 14,214 shares of the company’s stock valued at $1,052,000 after purchasing an additional 191 shares during the period. Finally, Carret Asset Management LLC grew its position in shares of Grayscale Bitcoin Trust ETF by 3.0% in the 4th quarter. Carret Asset Management LLC now owns 6,634 shares of the company’s stock valued at $491,000 after purchasing an additional 196 shares during the period.

Grayscale Bitcoin Trust ETF Stock Performance

Shares of GBTC opened at $82.23 on Friday. The stock has a 50 day simple moving average of $75.46 and a 200 day simple moving average of $75.15. Grayscale Bitcoin Trust ETF has a 52-week low of $39.56 and a 52-week high of $88.36. The firm has a market capitalization of $19.59 billion, a PE ratio of 2.23 and a beta of 2.51.

Grayscale Bitcoin Trust ETF 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.