Soltis Investment Advisors LLC Raises Holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Soltis Investment Advisors LLC lifted its holdings in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 3.1% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 20,431 shares of the company’s stock after acquiring an additional 611 shares during the period. Soltis Investment Advisors LLC’s holdings in Grayscale Bitcoin Trust were worth $1,512,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of GBTC. Arkadios Wealth Advisors purchased a new stake in Grayscale Bitcoin Trust in the fourth quarter valued at approximately $245,000. Avior Wealth Management LLC boosted its position in Grayscale Bitcoin Trust by 225.5% in the fourth quarter. Avior Wealth Management LLC now owns 1,621 shares of the company’s stock valued at $120,000 after buying an additional 1,123 shares during the last quarter. SJS Investment Consulting Inc. boosted its position in Grayscale Bitcoin Trust by 109.7% in the fourth quarter. SJS Investment Consulting Inc. now owns 57,565 shares of the company’s stock valued at $4,261,000 after buying an additional 30,112 shares during the last quarter. Bleakley Financial Group LLC boosted its position in Grayscale Bitcoin Trust by 2.3% in the third quarter. Bleakley Financial Group LLC now owns 60,389 shares of the company’s stock valued at $3,050,000 after buying an additional 1,349 shares during the last quarter. Finally, ORG Wealth Partners LLC purchased a new stake in Grayscale Bitcoin Trust in the third quarter valued at approximately $46,000.

Grayscale Bitcoin Trust Stock Up 1.6 %

Shares of NYSEARCA GBTC opened at $77.09 on Tuesday. The business’s 50 day moving average price is $78.55 and its 200 day moving average price is $62.84. The firm has a market cap of $39.37 billion, a P/E ratio of 2.29 and a beta of 1.25. Grayscale Bitcoin Trust has a 52 week low of $39.56 and a 52 week high of $86.11.

About Grayscale Bitcoin Trust

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.