US Bancorp DE Grows Stock Position in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

US Bancorp DE grew its position in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 2.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 48,016 shares of the company’s stock after buying an additional 1,143 shares during the quarter. US Bancorp DE’s holdings in Grayscale Bitcoin Trust were worth $3,554,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Wealth Quarterback LLC purchased a new position in Grayscale Bitcoin Trust during the fourth quarter worth approximately $215,000. Arkadios Wealth Advisors purchased a new position in Grayscale Bitcoin Trust during the fourth quarter worth approximately $245,000. RFG Advisory LLC purchased a new position in Grayscale Bitcoin Trust during the fourth quarter worth approximately $262,000. Avior Wealth Management LLC lifted its position in Grayscale Bitcoin Trust by 225.5% during the fourth quarter. Avior Wealth Management LLC now owns 1,621 shares of the company’s stock worth $120,000 after buying an additional 1,123 shares in the last quarter. Finally, SJS Investment Consulting Inc. raised its position in Grayscale Bitcoin Trust by 109.7% in the fourth quarter. SJS Investment Consulting Inc. now owns 57,565 shares of the company’s stock valued at $4,261,000 after purchasing an additional 30,112 shares during the period.

Grayscale Bitcoin Trust Stock Up 4.1 %

NYSEARCA:GBTC opened at $71.56 on Thursday. Grayscale Bitcoin Trust has a 52 week low of $39.56 and a 52 week high of $86.11. The company has a market capitalization of $18.09 billion, a P/E ratio of 2.23 and a beta of 2.51. The stock’s fifty day moving average is $76.53 and its two-hundred day moving average is $65.68.

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.