Lifeworks Advisors LLC Has $272,000 Stock Holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Lifeworks Advisors LLC raised its holdings in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 20.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,381 shares of the company’s stock after purchasing an additional 932 shares during the quarter. Lifeworks Advisors LLC’s holdings in Grayscale Bitcoin Trust were worth $272,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. DHJJ Financial Advisors Ltd. bought a new position in shares of Grayscale Bitcoin Trust in the second quarter worth $26,000. Global Wealth Strategies & Associates bought a new position in Grayscale Bitcoin Trust in the second quarter valued at about $27,000. ZRC Wealth Management LLC bought a new position in Grayscale Bitcoin Trust in the second quarter valued at about $29,000. West Oak Capital LLC grew its position in Grayscale Bitcoin Trust by 100.0% in the third quarter. West Oak Capital LLC now owns 640 shares of the company’s stock valued at $32,000 after acquiring an additional 320 shares during the last quarter. Finally, Avondale Wealth Management bought a new position in Grayscale Bitcoin Trust in the second quarter valued at about $33,000.

Grayscale Bitcoin Trust Trading Down 2.5 %

NYSEARCA:GBTC opened at $69.50 on Friday. The stock has a market cap of $35.49 billion, a P/E ratio of 2.29 and a beta of 1.25. The stock’s 50-day moving average is $52.56 and its 200-day moving average is $53.81. Grayscale Bitcoin Trust has a 1-year low of $28.00 and a 1-year high of $74.36.

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.