Grayscale Bitcoin Trust (NYSEARCA:GBTC) Shares Purchased by Fiduciary Alliance LLC

by · The Cerbat Gem

Fiduciary Alliance LLC grew its holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC – Free Report) by 20.6% during the third quarter, HoldingsChannel reports. The firm owned 76,683 shares of the company’s stock after acquiring an additional 13,114 shares during the period. Fiduciary Alliance LLC’s holdings in Grayscale Bitcoin Trust were worth $3,872,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Jane Street Group LLC acquired a new position in Grayscale Bitcoin Trust during the first quarter worth about $117,350,000. Farallon Capital Management LLC purchased a new position in shares of Grayscale Bitcoin Trust in the 1st quarter valued at $85,221,000. Sloy Dahl & Holst LLC purchased a new position in shares of Grayscale Bitcoin Trust in the 1st quarter valued at $32,959,000. Bracebridge Capital LLC acquired a new stake in Grayscale Bitcoin Trust during the 1st quarter valued at $26,526,000. Finally, Mad River Investors acquired a new stake in Grayscale Bitcoin Trust during the 1st quarter valued at $25,251,000.

Grayscale Bitcoin Trust Trading Up 4.6 %

GBTC stock traded up $2.30 during mid-day trading on Monday, hitting $52.57. 2,303,696 shares of the company were exchanged, compared to its average volume of 9,566,687. Grayscale Bitcoin Trust has a twelve month low of $21.34 and a twelve month high of $65.61. The firm has a fifty day simple moving average of $47.90 and a 200 day simple moving average of $54.10. The company has a market capitalization of $26.85 billion, a PE ratio of 2.29 and a beta of 1.25.

About Grayscale Bitcoin Trust

(Free Report)

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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