One Capital Management LLC lifted its position in Grayscale Bitcoin Trust (NYSEARCA:GBTC – Free Report) by 8.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,202 shares of the company’s stock after purchasing an additional 1,710 shares during the quarter. One Capital Management LLC’s holdings in Grayscale Bitcoin Trust were worth $1,129,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in GBTC. DHJJ Financial Advisors Ltd. bought a new stake in shares of Grayscale Bitcoin Trust in the second quarter worth about $26,000. Dixon Mitchell Investment Counsel Inc. bought a new stake in Grayscale Bitcoin Trust during the first quarter worth approximately $27,000. Global Wealth Strategies & Associates bought a new stake in Grayscale Bitcoin Trust during the second quarter worth approximately $27,000. YHB Investment Advisors Inc. bought a new stake in Grayscale Bitcoin Trust during the first quarter worth approximately $28,000. Finally, Toth Financial Advisory Corp bought a new stake in Grayscale Bitcoin Trust during the first quarter worth approximately $28,000.
Grayscale Bitcoin Trust Price Performance
Shares of NYSEARCA GBTC opened at $46.15 on Tuesday. The business’s 50 day moving average is $50.05 and its two-hundred day moving average is $55.54. Grayscale Bitcoin Trust has a 1-year low of $18.04 and a 1-year high of $65.61. The stock has a market capitalization of $23.57 billion, a P/E ratio of 2.29 and a beta of 1.25.
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.
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