International Assets Investment Management LLC Acquires 170 Shares of Grayscale Bitcoin Trust ETF $GBTC

International Assets Investment Management LLC raised its stake in shares of Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 3.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,220 shares of the company’s stock after purchasing an additional 170 shares during the period. International Assets Investment Management LLC’s holdings in Grayscale Bitcoin Trust ETF were worth $443,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in GBTC. First Horizon Advisors Inc. increased its stake in shares of Grayscale Bitcoin Trust ETF by 90.9% in the first quarter. First Horizon Advisors Inc. now owns 420 shares of the company’s stock valued at $27,000 after buying an additional 200 shares during the period. Hurley Capital LLC bought a new stake in Grayscale Bitcoin Trust ETF in the first quarter valued at approximately $34,000. Flaharty Asset Management LLC bought a new stake in Grayscale Bitcoin Trust ETF in the first quarter valued at approximately $39,000. Cornerstone Planning Group LLC boosted its holdings in Grayscale Bitcoin Trust ETF by 600.0% in 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 during the last quarter. Finally, Atticus Wealth Management LLC boosted its holdings in Grayscale Bitcoin Trust ETF by 57.3% in the second quarter. Atticus Wealth Management LLC now owns 1,098 shares of the company’s stock valued at $93,000 after acquiring an additional 400 shares during the last quarter.

Grayscale Bitcoin Trust ETF Price Performance

Shares of GBTC stock opened at $87.64 on Wednesday. The business’s 50 day simple moving average is $89.75 and its 200 day simple moving average is $84.82. Grayscale Bitcoin Trust ETF has a one year low of $51.83 and a one year high of $99.12. The stock has a market capitalization of $21.10 billion, a PE ratio of 2.23 and a beta of 2.47.

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.