Grayscale Bitcoin Trust ETF $GBTC Stock Position Increased by International Assets Investment Management LLC

International Assets Investment Management LLC raised its holdings in shares of Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 5,295.7% during the 3rd quarter, Holdings Channel reports. The fund owned 300,000 shares of the company’s stock after purchasing an additional 294,440 shares during the period. International Assets Investment Management LLC’s holdings in Grayscale Bitcoin Trust ETF were worth $19,377,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in GBTC. Benchmark Financial Wealth Advisors LLC bought a new stake in shares of Grayscale Bitcoin Trust ETF during the 3rd quarter worth about $565,000. Ridgepath Capital Management LLC acquired a new stake in shares of Grayscale Bitcoin Trust ETF in the 1st quarter worth approximately $2,655,000. Independent Financial Group LLC bought a new position in shares of Grayscale Bitcoin Trust ETF in the first quarter valued at approximately $2,691,000. B. Riley Wealth Advisors Inc. boosted its holdings in shares of Grayscale Bitcoin Trust ETF by 213.7% in the third quarter. B. Riley Wealth Advisors Inc. now owns 19,341 shares of the company’s stock valued at $1,249,000 after acquiring an additional 13,176 shares in the last quarter. Finally, Ascentis Independent Advisors boosted its holdings in shares of Grayscale Bitcoin Trust ETF by 136.4% in the first quarter. Ascentis Independent Advisors now owns 18,887 shares of the company’s stock valued at $996,000 after acquiring an additional 10,897 shares in the last quarter.

Grayscale Bitcoin Trust ETF Price Performance

NYSEARCA GBTC opened at $59.12 on Friday. Grayscale Bitcoin Trust ETF has a 12 month low of $44.98 and a 12 month high of $87.01. The firm has a market capitalization of $11.47 billion, a PE ratio of 2.23 and a beta of 2.19. The company’s 50 day simple moving average is $62.62 and its 200 day simple moving average is $56.95.

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.