Larson Financial Group LLC Acquires 9,553 Shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Larson Financial Group LLC lifted its holdings in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 39.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 33,665 shares of the company’s stock after purchasing an additional 9,553 shares during the quarter. Larson Financial Group LLC’s holdings in Grayscale Bitcoin Trust were worth $1,792,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. SJS Investment Consulting Inc. lifted its holdings in shares of Grayscale Bitcoin Trust by 1.1% during the 2nd quarter. SJS Investment Consulting Inc. now owns 27,453 shares of the company’s stock worth $1,462,000 after acquiring an additional 300 shares during the period. Horizon Wealth Management LLC lifted its stake in Grayscale Bitcoin Trust by 9.1% during the second quarter. Horizon Wealth Management LLC now owns 4,115 shares of the company’s stock worth $219,000 after purchasing an additional 343 shares during the last quarter. Dixon Mitchell Investment Counsel Inc. acquired a new stake in shares of Grayscale Bitcoin Trust in the 1st quarter valued at $27,000. Toth Financial Advisory Corp bought a new position in shares of Grayscale Bitcoin Trust in the 1st quarter valued at $28,000. Finally, YHB Investment Advisors Inc. acquired a new position in shares of Grayscale Bitcoin Trust during the 1st quarter worth $28,000.

Grayscale Bitcoin Trust Stock Up 0.1 %

NYSEARCA:GBTC opened at $46.26 on Thursday. Grayscale Bitcoin Trust has a twelve month low of $18.04 and a twelve month high of $65.61. The stock’s 50-day simple moving average is $51.43 and its 200 day simple moving average is $55.74. The firm has a market capitalization of $23.63 billion, a PE ratio of 2.29 and a beta of 1.25.

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.