Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) Shares Bought by Bonfire Financial

Bonfire Financial raised its stake in Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 12.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,473 shares of the company’s stock after acquiring an additional 397 shares during the quarter. Bonfire Financial’s holdings in Grayscale Bitcoin Trust ETF were worth $226,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in GBTC. Strategic Financial Concepts LLC acquired a new position in Grayscale Bitcoin Trust ETF in the fourth quarter valued at $280,000. Atria Wealth Solutions Inc. increased its stake in Grayscale Bitcoin Trust ETF by 15.0% in the fourth quarter. Atria Wealth Solutions Inc. now owns 35,290 shares of the company’s stock valued at $2,612,000 after purchasing an additional 4,612 shares during the last quarter. Private Advisor Group LLC increased its stake in Grayscale Bitcoin Trust ETF by 24.6% during the fourth quarter. Private Advisor Group LLC now owns 39,845 shares of the company’s stock worth $2,949,000 after acquiring an additional 7,878 shares during the last quarter. Ieq Capital LLC increased its stake in Grayscale Bitcoin Trust ETF by 7.6% during the fourth quarter. Ieq Capital LLC now owns 22,645 shares of the company’s stock worth $1,676,000 after acquiring an additional 1,601 shares during the last quarter. Finally, PYA Waltman Capital LLC increased its stake in Grayscale Bitcoin Trust ETF by 0.9% during the fourth quarter. PYA Waltman Capital LLC now owns 37,598 shares of the company’s stock worth $2,783,000 after acquiring an additional 339 shares during the last quarter.

Grayscale Bitcoin Trust ETF Price Performance

Shares of NYSEARCA:GBTC opened at $81.33 on Friday. The firm has a market capitalization of $19.12 billion, a PE ratio of 2.23 and a beta of 2.50. The business has a 50-day moving average of $79.38 and a two-hundred day moving average of $75.67. Grayscale Bitcoin Trust ETF has a 12 month low of $39.56 and a 12 month high of $88.36.

About Grayscale Bitcoin Trust ETF

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.