Fiduciary Alliance LLC Acquires Shares of 53,279 Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Fiduciary Alliance LLC acquired a new stake in Grayscale Bitcoin Trust (NYSEARCA:GBTC) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 53,279 shares of the company’s stock, valued at approximately $3,313,000.

A number of other hedge funds also recently bought and sold shares of GBTC. Trilogy Capital Inc. acquired a new stake in shares of Grayscale Bitcoin Trust in the 1st quarter valued at $272,000. Cornerstone Wealth Group LLC purchased a new stake in Grayscale Bitcoin Trust during the first quarter worth about $276,000. Annapolis Financial Services LLC acquired a new position in Grayscale Bitcoin Trust during the first quarter worth about $149,000. Atticus Wealth Management LLC acquired a new position in shares of Grayscale Bitcoin Trust in the first quarter valued at approximately $33,000. Finally, CRA Financial Services LLC acquired a new position in shares of Grayscale Bitcoin Trust in the first quarter valued at approximately $2,053,000.

Grayscale Bitcoin Trust Stock Down 2.3 %

Shares of NYSEARCA:GBTC traded down $1.28 on Friday, reaching $53.24. 3,860,291 shares of the company’s stock were exchanged, compared to its average volume of 12,870,373. Grayscale Bitcoin Trust has a fifty-two week low of $17.00 and a fifty-two week high of $65.61. The business’s 50-day moving average is $58.01 and its two-hundred day moving average is $51.41. The firm has a market capitalization of $27.19 billion, a price-to-earnings ratio of 2.29 and a beta of 1.25.

Grayscale Bitcoin Trust 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.