Walkner Condon Financial Advisors LLC Makes New Investment in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Walkner Condon Financial Advisors LLC bought a new position in Grayscale Bitcoin Trust (NYSEARCA:GBTC) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 2,908 shares of the company’s stock, valued at approximately $215,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Activest Wealth Management raised its holdings in shares of Grayscale Bitcoin Trust by 53.0% during the 4th quarter. Activest Wealth Management now owns 404 shares of the company’s stock valued at $30,000 after purchasing an additional 140 shares in the last quarter. Armstrong Advisory Group Inc. raised its holdings in shares of Grayscale Bitcoin Trust by 310.0% during the 4th quarter. Armstrong Advisory Group Inc. now owns 410 shares of the company’s stock valued at $30,000 after purchasing an additional 310 shares in the last quarter. West Oak Capital LLC raised its holdings in shares of Grayscale Bitcoin Trust by 100.0% during the 3rd quarter. West Oak Capital LLC now owns 640 shares of the company’s stock valued at $32,000 after purchasing an additional 320 shares in the last quarter. Financial Life Planners bought a new position in shares of Grayscale Bitcoin Trust during the 4th quarter valued at $61,000. Finally, Icon Wealth Advisors LLC bought a new position in shares of Grayscale Bitcoin Trust during the 3rd quarter valued at $53,000.

Grayscale Bitcoin Trust Trading Up 1.0 %

Grayscale Bitcoin Trust stock opened at $77.01 on Friday. The company has a market capitalization of $39.33 billion, a P/E ratio of 2.29 and a beta of 1.25. The firm’s fifty day simple moving average is $78.47 and its 200-day simple moving average is $63.27. Grayscale Bitcoin Trust has a 1-year low of $39.56 and a 1-year high of $86.11.

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.