Capstone Capital Management Ltd Purchases New Shares in Grayscale Bitcoin Trust ETF $GBTC

Capstone Capital Management Ltd acquired a new position in shares of Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 11,858 shares of the company’s stock, valued at approximately $766,000.

Several other institutional investors have also recently modified their holdings of GBTC. Lido Advisors LLC lifted its stake in Grayscale Bitcoin Trust ETF by 3.6% in the 1st quarter. Lido Advisors LLC now owns 165,469 shares of the company’s stock valued at $8,730,000 after buying an additional 5,674 shares in the last quarter. Fiduciary Alliance LLC increased its position in Grayscale Bitcoin Trust ETF by 8.8% during the first quarter. Fiduciary Alliance LLC now owns 146,098 shares of the company’s stock worth $8,528,000 after buying an additional 11,845 shares in the last quarter. Sequoia Financial Advisors LLC increased its position in Grayscale Bitcoin Trust ETF by 6.9% during the first quarter. Sequoia Financial Advisors LLC now owns 127,176 shares of the company’s stock worth $6,710,000 after buying an additional 8,231 shares in the last quarter. Kestra Advisory Services LLC raised its holdings in shares of Grayscale Bitcoin Trust ETF by 5.1% in the first quarter. Kestra Advisory Services LLC now owns 105,842 shares of the company’s stock worth $5,584,000 after acquiring an additional 5,105 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in shares of Grayscale Bitcoin Trust ETF by 2.0% in the third quarter. Farther Finance Advisors LLC now owns 75,047 shares of the company’s stock worth $4,847,000 after acquiring an additional 1,465 shares during the last quarter.

Grayscale Bitcoin Trust ETF Stock Up 0.9%

NYSEARCA GBTC opened at $63.70 on Wednesday. Grayscale Bitcoin Trust ETF has a fifty-two week low of $44.98 and a fifty-two week high of $91.01. The business has a fifty day moving average of $60.99 and a 200-day moving average of $56.16. The stock has a market cap of $12.36 billion, a price-to-earnings ratio of 2.23 and a beta of 2.19.

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.