Traynor Capital Management Inc. purchased a new stake in shares of Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC – Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 8,632 shares of the company’s stock, valued at approximately $775,000.
Several other large investors have also recently bought and sold shares of GBTC. Root Financial Partners LLC acquired a new stake in Grayscale Bitcoin Trust ETF during the 3rd quarter worth about $29,000. Elevation Point Wealth Partners LLC purchased a new stake in shares of Grayscale Bitcoin Trust ETF in the second quarter worth approximately $33,000. Westfuller Advisors LLC acquired a new stake in shares of Grayscale Bitcoin Trust ETF during the third quarter worth approximately $38,000. Atlantic Union Bankshares Corp purchased a new position in Grayscale Bitcoin Trust ETF during the second quarter valued at approximately $42,000. Finally, First Horizon Advisors Inc. increased its stake in Grayscale Bitcoin Trust ETF by 36.9% in the 2nd quarter. First Horizon Advisors Inc. now owns 575 shares of the company’s stock valued at $49,000 after buying an additional 155 shares during the period.
Grayscale Bitcoin Trust ETF Stock Down 5.7%
GBTC stock opened at $65.53 on Friday. The company has a 50 day moving average of $70.14 and a two-hundred day moving average of $81.92. The company has a market cap of $15.78 billion, a price-to-earnings ratio of 2.23 and a beta of 2.40. Grayscale Bitcoin Trust ETF has a 12-month low of $59.79 and a 12-month high of $99.12.
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.
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