2,616 Shares in Grayscale Bitcoin Trust ETF $GBTC Bought by Financial Insights Inc.

Financial Insights Inc. acquired a new position in shares of Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,616 shares of the company’s stock, valued at approximately $222,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. First Horizon Advisors Inc. boosted its stake in shares of Grayscale Bitcoin Trust ETF by 90.9% during the 1st quarter. First Horizon Advisors Inc. now owns 420 shares of the company’s stock worth $27,000 after purchasing an additional 200 shares during the period. Hurley Capital LLC bought a new stake in Grayscale Bitcoin Trust ETF in the first quarter worth about $34,000. Flaharty Asset Management LLC purchased a new position in shares of Grayscale Bitcoin Trust ETF during the first quarter valued at approximately $39,000. Cornerstone Planning Group LLC grew its stake in shares of Grayscale Bitcoin Trust ETF by 600.0% during the first quarter. Cornerstone Planning Group LLC now owns 875 shares of the company’s stock valued at $57,000 after buying an additional 750 shares during the last quarter. Finally, Atticus Wealth Management LLC raised its holdings in shares of Grayscale Bitcoin Trust ETF by 57.3% in the second quarter. Atticus Wealth Management LLC now owns 1,098 shares of the company’s stock worth $93,000 after buying an additional 400 shares during the period.

Grayscale Bitcoin Trust ETF Stock Performance

Shares of GBTC stock opened at $96.36 on Friday. The stock has a 50 day moving average price of $90.02 and a 200 day moving average price of $82.89. Grayscale Bitcoin Trust ETF has a 52-week low of $46.83 and a 52-week high of $97.34. The firm has a market capitalization of $23.20 billion, a P/E ratio of 2.23 and a beta of 2.47.

Grayscale Bitcoin Trust ETF Company 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.