Washington Growth Strategies LLC Invests $208,000 in Grayscale Bitcoin Trust ETF $GBTC

Washington Growth Strategies LLC purchased a new position in Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 2,457 shares of the company’s stock, valued at approximately $208,000.

Other large investors have also recently made changes to their positions in the company. First Horizon Advisors Inc. boosted its holdings in shares of Grayscale Bitcoin Trust ETF by 90.9% in the first quarter. First Horizon Advisors Inc. now owns 420 shares of the company’s stock worth $27,000 after acquiring an additional 200 shares during the period. Hurley Capital LLC bought a new position in shares of Grayscale Bitcoin Trust ETF in the first quarter worth $34,000. Flaharty Asset Management LLC bought a new position in shares of Grayscale Bitcoin Trust ETF in the first quarter worth $39,000. Cornerstone Planning Group LLC boosted its holdings in shares of Grayscale Bitcoin Trust ETF by 600.0% in the first quarter. Cornerstone Planning Group LLC now owns 875 shares of the company’s stock worth $57,000 after acquiring an additional 750 shares during the period. Finally, Headlands Technologies LLC boosted its holdings in shares of Grayscale Bitcoin Trust ETF by 227.0% in the first quarter. Headlands Technologies LLC now owns 1,128 shares of the company’s stock worth $74,000 after acquiring an additional 783 shares during the period.

Grayscale Bitcoin Trust ETF Stock Performance

Shares of GBTC stock opened at $96.36 on Friday. Grayscale Bitcoin Trust ETF has a 52-week low of $46.83 and a 52-week high of $97.34. The company has a market capitalization of $23.20 billion, a PE ratio of 2.23 and a beta of 2.47. The business’s fifty day moving average is $90.02 and its 200 day moving average is $82.79.

Grayscale Bitcoin Trust ETF 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.