Wealthspire Advisors LLC Has $3.73 Million Stake in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Wealthspire Advisors LLC increased its position in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 9.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 50,416 shares of the company’s stock after purchasing an additional 4,353 shares during the period. Wealthspire Advisors LLC’s holdings in Grayscale Bitcoin Trust were worth $3,732,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Greenwich Wealth Management LLC boosted its stake in Grayscale Bitcoin Trust by 99.9% in the 3rd quarter. Greenwich Wealth Management LLC now owns 1,076,820 shares of the company’s stock worth $54,379,000 after purchasing an additional 538,256 shares during the period. Moors & Cabot Inc. boosted its stake in Grayscale Bitcoin Trust by 0.4% in the 3rd quarter. Moors & Cabot Inc. now owns 368,975 shares of the company’s stock worth $18,633,000 after purchasing an additional 1,305 shares during the period. Strategic Financial Concepts LLC acquired a new stake in shares of Grayscale Bitcoin Trust during the 4th quarter valued at $19,360,000. International Assets Investment Management LLC boosted its stake in shares of Grayscale Bitcoin Trust by 4,950.0% during the 3rd quarter. International Assets Investment Management LLC now owns 193,415 shares of the company’s stock valued at $97,670,000 after buying an additional 189,585 shares during the period. Finally, Foundations Investment Advisors LLC boosted its stake in shares of Grayscale Bitcoin Trust by 25.7% during the 4th quarter. Foundations Investment Advisors LLC now owns 143,835 shares of the company’s stock valued at $10,647,000 after buying an additional 29,389 shares during the period.

Grayscale Bitcoin Trust Stock Down 3.8 %

Shares of NYSEARCA:GBTC opened at $75.06 on Monday. The firm has a fifty day moving average of $78.14 and a two-hundred day moving average of $64.59. The firm has a market capitalization of $18.97 billion, a P/E ratio of 2.23 and a beta of 2.51. Grayscale Bitcoin Trust has a 12-month low of $39.56 and a 12-month high of $86.11.

Grayscale Bitcoin Trust 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.