Osbon Capital Management LLC Acquires New Position in Grayscale Bitcoin Trust ETF $GBTC

Osbon Capital Management LLC bought a new position in Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 27,485 shares of the company’s stock, valued at approximately $1,879,000. Grayscale Bitcoin Trust ETF makes up about 1.8% of Osbon Capital Management LLC’s portfolio, making the stock its 12th biggest position.

Other institutional investors have also made changes to their positions in the company. Holos Integrated Wealth LLC bought a new position in Grayscale Bitcoin Trust ETF during the fourth quarter worth $28,000. Garton & Associates Financial Advisors LLC bought a new stake in Grayscale Bitcoin Trust ETF during the fourth quarter valued at $27,000. Cary Street Partners Investment Advisory LLC bought a new stake in Grayscale Bitcoin Trust ETF during the fourth quarter valued at $30,000. CoreCap Advisors LLC raised its holdings in shares of Grayscale Bitcoin Trust ETF by 160.9% during the fourth quarter. CoreCap Advisors LLC now owns 441 shares of the company’s stock worth $30,000 after purchasing an additional 272 shares during the period. Finally, RHL Group LLC acquired a new stake in shares of Grayscale Bitcoin Trust ETF during the fourth quarter worth $43,000.

Grayscale Bitcoin Trust ETF Stock Performance

Grayscale Bitcoin Trust ETF stock opened at $48.80 on Friday. The firm’s 50-day moving average is $56.88 and its 200-day moving average is $60.08. Grayscale Bitcoin Trust ETF has a 1 year low of $45.88 and a 1 year high of $99.12. The company has a market cap of $11.75 billion, a P/E ratio of 2.23 and a beta of 2.15.

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.