Ameritas Advisory Services LLC Purchases New Stake in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Ameritas Advisory Services LLC bought a new position in Grayscale Bitcoin Trust (NYSEARCA:GBTC) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 24,285 shares of the company’s stock, valued at approximately $1,293,000.

Other large investors have also recently added to or reduced their stakes in the company. Optimum Investment Advisors acquired a new stake in Grayscale Bitcoin Trust in the first quarter worth $95,000. BOKF NA acquired a new stake in Grayscale Bitcoin Trust in the first quarter worth $57,000. SeaCrest Wealth Management LLC acquired a new stake in Grayscale Bitcoin Trust in the first quarter worth $370,000. Opal Wealth Advisors LLC acquired a new stake in Grayscale Bitcoin Trust in the first quarter worth $262,000. Finally, Level Financial Advisors acquired a new stake in Grayscale Bitcoin Trust in the first quarter worth $255,000.

Grayscale Bitcoin Trust Stock Down 1.7 %

NYSEARCA GBTC traded down $0.82 during trading hours on Friday, hitting $46.39. The company had a trading volume of 1,856,746 shares, compared to its average volume of 10,711,267. Grayscale Bitcoin Trust has a fifty-two week low of $18.04 and a fifty-two week high of $65.61. The firm has a market cap of $23.69 billion, a P/E ratio of 2.29 and a beta of 1.25. The business has a fifty day simple moving average of $51.93 and a 200-day simple moving average of $55.57.

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.