Capstone Capital Management Ltd Purchases Shares of 8,907 Grayscale Bitcoin Trust ETF $GBTC

Capstone Capital Management Ltd purchased a new position in shares of Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 8,907 shares of the company’s stock, valued at approximately $609,000.

Several other hedge funds have also made changes to their positions in the business. MWA Asset Management grew its position in shares of Grayscale Bitcoin Trust ETF by 4.5% in the third quarter. MWA Asset Management now owns 2,877 shares of the company’s stock valued at $258,000 after purchasing an additional 125 shares during the period. Bank of America Corp DE boosted its stake in Grayscale Bitcoin Trust ETF by 5.5% in the 2nd quarter. Bank of America Corp DE now owns 2,386 shares of the company’s stock worth $202,000 after buying an additional 125 shares during the last quarter. Great Valley Advisor Group Inc. grew its holdings in Grayscale Bitcoin Trust ETF by 2.1% in the 2nd quarter. Great Valley Advisor Group Inc. now owns 5,942 shares of the company’s stock valued at $504,000 after buying an additional 125 shares during the period. EP Wealth Advisors LLC grew its holdings in Grayscale Bitcoin Trust ETF by 1.5% in the 2nd quarter. EP Wealth Advisors LLC now owns 8,952 shares of the company’s stock valued at $759,000 after buying an additional 130 shares during the period. Finally, Runnymede Capital Advisors Inc. increased its stake in shares of Grayscale Bitcoin Trust ETF by 1.1% during the 3rd quarter. Runnymede Capital Advisors Inc. now owns 12,608 shares of the company’s stock valued at $1,132,000 after acquiring an additional 140 shares during the last quarter.

Grayscale Bitcoin Trust ETF Stock Performance

GBTC opened at $59.66 on Tuesday. Grayscale Bitcoin Trust ETF has a 1 year low of $48.56 and a 1 year high of $99.12. The company’s 50 day simple moving average is $57.36 and its 200 day simple moving average is $63.84. The stock has a market capitalization of $14.36 billion, a PE ratio of 2.23 and a beta of 2.22.

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.