Secure Asset Management LLC Grows Position in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Secure Asset Management LLC boosted its holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 39.5% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,862 shares of the company’s stock after buying an additional 2,509 shares during the quarter. Secure Asset Management LLC’s holdings in Grayscale Bitcoin Trust were worth $448,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. DHJJ Financial Advisors Ltd. purchased a new position in shares of Grayscale Bitcoin Trust during the second quarter valued at approximately $26,000. Dixon Mitchell Investment Counsel Inc. purchased a new stake in Grayscale Bitcoin Trust during the 1st quarter valued at $27,000. Global Wealth Strategies & Associates bought a new position in shares of Grayscale Bitcoin Trust during the 2nd quarter valued at $27,000. Toth Financial Advisory Corp purchased a new position in shares of Grayscale Bitcoin Trust in the 1st quarter worth $28,000. Finally, Hollencrest Capital Management bought a new stake in shares of Grayscale Bitcoin Trust in the first quarter worth $28,000.

Grayscale Bitcoin Trust Stock Performance

Grayscale Bitcoin Trust stock opened at $54.60 on Friday. The stock has a market cap of $27.88 billion, a PE ratio of 2.29 and a beta of 1.25. The stock has a fifty day moving average of $48.70 and a 200 day moving average of $53.90. Grayscale Bitcoin Trust has a one year low of $22.01 and a one year high of $65.61.

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.