Grayscale Bitcoin Trust (NYSEARCA:GBTC) Stock Position Raised by Larson Financial Group LLC

Larson Financial Group LLC increased its holdings in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 3.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 105,929 shares of the company’s stock after purchasing an additional 3,496 shares during the quarter. Larson Financial Group LLC’s holdings in Grayscale Bitcoin Trust were worth $7,841,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of GBTC. Farther Finance Advisors LLC grew its holdings in shares of Grayscale Bitcoin Trust by 193.8% during the third quarter. Farther Finance Advisors LLC now owns 3,664 shares of the company’s stock valued at $185,000 after buying an additional 2,417 shares in the last quarter. Hollencrest Capital Management increased its stake in Grayscale Bitcoin Trust by 40.6% in the 3rd quarter. Hollencrest Capital Management now owns 1,195 shares of the company’s stock valued at $60,000 after buying an additional 345 shares during the period. Beam Wealth Advisors Inc. lifted its position in Grayscale Bitcoin Trust by 10.2% in the 3rd quarter. Beam Wealth Advisors Inc. now owns 16,798 shares of the company’s stock worth $848,000 after buying an additional 1,561 shares in the last quarter. Lifeworks Advisors LLC lifted its position in Grayscale Bitcoin Trust by 20.9% in the 3rd quarter. Lifeworks Advisors LLC now owns 5,381 shares of the company’s stock worth $272,000 after buying an additional 932 shares in the last quarter. Finally, Intellectus Partners LLC boosted its stake in shares of Grayscale Bitcoin Trust by 4.1% during the 3rd quarter. Intellectus Partners LLC now owns 79,934 shares of the company’s stock valued at $4,037,000 after buying an additional 3,165 shares during the period.

Grayscale Bitcoin Trust Trading Down 2.3 %

NYSEARCA GBTC opened at $68.79 on Friday. Grayscale Bitcoin Trust has a 1-year low of $39.56 and a 1-year high of $86.11. The firm’s fifty day simple moving average is $76.30 and its 200-day simple moving average is $65.86. The company has a market capitalization of $17.02 billion, a PE ratio of 2.23 and a beta of 2.59.

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.