TrueWealth Advisors LLC Acquires New Position in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

TrueWealth Advisors LLC bought a new position in Grayscale Bitcoin Trust (NYSEARCA:GBTC) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,185 shares of the company’s stock, valued at approximately $236,000.

A number of other large investors have also recently bought and sold shares of the business. Hollencrest Capital Management raised its position in shares of Grayscale Bitcoin Trust by 88.9% during the 2nd quarter. Hollencrest Capital Management now owns 850 shares of the company’s stock worth $45,000 after purchasing an additional 400 shares during the period. AE Wealth Management LLC increased its position in Grayscale Bitcoin Trust by 611.0% in the second quarter. AE Wealth Management LLC now owns 33,603 shares of the company’s stock worth $1,789,000 after buying an additional 28,877 shares during the period. Bulltick Wealth Management LLC lifted its stake in Grayscale Bitcoin Trust by 16.8% in the second quarter. Bulltick Wealth Management LLC now owns 6,467 shares of the company’s stock valued at $344,000 after buying an additional 930 shares during the last quarter. Fairscale Capital LLC acquired a new position in shares of Grayscale Bitcoin Trust during the second quarter valued at $117,000. Finally, EverSource Wealth Advisors LLC grew its position in shares of Grayscale Bitcoin Trust by 286.9% during the second quarter. EverSource Wealth Advisors LLC now owns 4,933 shares of the company’s stock worth $257,000 after acquiring an additional 3,658 shares during the last quarter.

Grayscale Bitcoin Trust Stock Up 4.4 %

Shares of NYSEARCA:GBTC opened at $83.05 on Friday. The company’s 50-day moving average price is $76.57 and its 200 day moving average price is $60.07. The company has a market cap of $42.41 billion, a PE ratio of 2.29 and a beta of 1.25. Grayscale Bitcoin Trust has a fifty-two week low of $34.31 and a fifty-two week 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.