StoneX Group Inc. Purchases New Position in Grayscale Bitcoin Trust ETF $GBTC

StoneX Group Inc. acquired a new position in Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) during the third quarter, Holdings Channel reports. The institutional investor acquired 8,893 shares of the company’s stock, valued at approximately $528,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. International Assets Investment Management LLC lifted its stake in Grayscale Bitcoin Trust ETF by 5,295.7% in the third quarter. International Assets Investment Management LLC now owns 300,000 shares of the company’s stock valued at $19,377,000 after acquiring an additional 294,440 shares during the last quarter. Lido Advisors LLC grew its position in Grayscale Bitcoin Trust ETF by 3.6% in the first quarter. Lido Advisors LLC now owns 165,469 shares of the company’s stock worth $8,730,000 after acquiring an additional 5,674 shares in the last quarter. Kestra Advisory Services LLC increased its stake in shares of Grayscale Bitcoin Trust ETF by 3.0% during the 3rd quarter. Kestra Advisory Services LLC now owns 97,781 shares of the company’s stock worth $6,316,000 after purchasing an additional 2,815 shares during the last quarter. Farther Finance Advisors LLC increased its stake in shares of Grayscale Bitcoin Trust ETF by 2.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 75,047 shares of the company’s stock worth $4,847,000 after purchasing an additional 1,465 shares during the last quarter. Finally, Independent Financial Group LLC acquired a new position in shares of Grayscale Bitcoin Trust ETF during the 1st quarter worth $2,691,000.

Grayscale Bitcoin Trust ETF Trading Up 1.3%

Grayscale Bitcoin Trust ETF stock opened at $57.57 on Thursday. The company has a market capitalization of $11.17 billion, a P/E ratio of 2.23 and a beta of 2.04. The firm’s fifty day simple moving average is $62.32 and its 200-day simple moving average is $56.41. Grayscale Bitcoin Trust ETF has a 1-year low of $44.98 and a 1-year high of $82.14.

Grayscale Bitcoin Trust ETF Company 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.