Integrity Alliance LLC. boosted its holdings in Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC – Free Report) by 175.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 14,222 shares of the company’s stock after buying an additional 9,063 shares during the period. Integrity Alliance LLC.’s holdings in Grayscale Bitcoin Trust ETF were worth $972,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in GBTC. Traynor Capital Management Inc. acquired a new stake in Grayscale Bitcoin Trust ETF during the 3rd quarter worth approximately $775,000. Evolution Wealth Advisors LLC acquired a new stake in Grayscale Bitcoin Trust ETF during the 4th quarter worth approximately $1,359,000. Hartmann Taylor Wealth Management LLC increased its position in Grayscale Bitcoin Trust ETF by 448.1% during the 4th quarter. Hartmann Taylor Wealth Management LLC now owns 13,455 shares of the company’s stock worth $920,000 after purchasing an additional 11,000 shares in the last quarter. NavPoint Financial Inc. increased its position in Grayscale Bitcoin Trust ETF by 407.7% during the 4th quarter. NavPoint Financial Inc. now owns 13,200 shares of the company’s stock worth $902,000 after purchasing an additional 10,600 shares in the last quarter. Finally, Headinvest LLC acquired a new stake in Grayscale Bitcoin Trust ETF during the 4th quarter worth approximately $1,709,000.
Grayscale Bitcoin Trust ETF Stock Performance
GBTC opened at $56.94 on Friday. The firm has a 50 day moving average price of $57.95 and a 200 day moving average price of $62.51. The company has a market cap of $13.71 billion, a PE ratio of 2.23 and a beta of 2.22. Grayscale Bitcoin Trust ETF has a 1 year low of $48.56 and a 1 year high of $99.12.
About Grayscale Bitcoin Trust ETF
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.
Featured Articles
- Five stocks we like better than Grayscale Bitcoin Trust ETF
- 3 Stocks Rallying on Micron’s Price Boost: Substance or Hype?
- Snowflake and the Snowballing Impact of its AI Flywheel
- AI’s Biggest Bottleneck Could Make These 2 Stocks Soar
- These 3 Beaten-Down Stocks Just Saw $25 Million in Insider Buying
Want to see what other hedge funds are holding GBTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC – Free Report).
Receive News & Ratings for Grayscale Bitcoin Trust ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grayscale Bitcoin Trust ETF and related companies with MarketBeat.com's FREE daily email newsletter.
