Nvwm LLC Boosts Stock Position in Grayscale Bitcoin Trust ETF $GBTC

Nvwm LLC grew its holdings in Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 5,573.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,936 shares of the company’s stock after purchasing an additional 12,708 shares during the period. Nvwm LLC’s holdings in Grayscale Bitcoin Trust ETF were worth $1,097,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Hurley Capital LLC purchased a new position in Grayscale Bitcoin Trust ETF in the 1st quarter worth about $34,000. Flaharty Asset Management LLC bought a new position in Grayscale Bitcoin Trust ETF in the 1st quarter worth about $39,000. Atlantic Union Bankshares Corp bought a new position in Grayscale Bitcoin Trust ETF in the 2nd quarter worth about $42,000. First Horizon Advisors Inc. increased its position in shares of Grayscale Bitcoin Trust ETF by 36.9% during the second quarter. First Horizon Advisors Inc. now owns 575 shares of the company’s stock worth $49,000 after acquiring an additional 155 shares during the period. Finally, Cornerstone Planning Group LLC raised its stake in shares of Grayscale Bitcoin Trust ETF by 600.0% during the first quarter. Cornerstone Planning Group LLC now owns 875 shares of the company’s stock valued at $57,000 after acquiring an additional 750 shares in the last quarter.

Grayscale Bitcoin Trust ETF Stock Down 2.9%

Shares of NYSEARCA:GBTC opened at $78.98 on Friday. The business’s 50 day moving average is $88.43 and its 200 day moving average is $86.48. The stock has a market cap of $19.01 billion, a P/E ratio of 2.23 and a beta of 2.40. Grayscale Bitcoin Trust ETF has a 52-week low of $59.29 and a 52-week high of $99.12.

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.