CRA Financial Services LLC Invests $2.05 Million in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

CRA Financial Services LLC bought a new position in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 32,503 shares of the company’s stock, valued at approximately $2,053,000.

Several other hedge funds have also added to or reduced their stakes in the company. Toth Financial Advisory Corp bought a new position in shares of Grayscale Bitcoin Trust in the 1st quarter valued at $28,000. Harbor Investment Advisory LLC bought a new position in Grayscale Bitcoin Trust in the first quarter valued at about $34,000. PFS Partners LLC bought a new position in shares of Grayscale Bitcoin Trust in the first quarter worth about $50,000. Kathleen S. Wright Associates Inc. acquired a new stake in shares of Grayscale Bitcoin Trust in the 4th quarter valued at approximately $59,000. Finally, Future Financial Wealth Managment LLC bought a new stake in shares of Grayscale Bitcoin Trust during the 1st quarter valued at approximately $63,000.

Grayscale Bitcoin Trust Trading Down 2.3 %

NYSEARCA:GBTC traded down $1.28 on Friday, hitting $53.24. The company had a trading volume of 3,860,291 shares, compared to its average volume of 12,870,373. The firm has a 50 day moving average of $58.01 and a two-hundred day moving average of $51.41. The stock has a market capitalization of $27.19 billion, a price-to-earnings ratio of 2.29 and a beta of 1.25. Grayscale Bitcoin Trust has a 52 week low of $17.00 and a 52 week high of $65.61.

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.