LGL Partners LLC Invests $254,000 in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

LGL Partners LLC acquired a new stake in Grayscale Bitcoin Trust (NYSEARCA:GBTC) in the 4th quarter, Holdings Channel.com reports. The firm acquired 3,437 shares of the company’s stock, valued at approximately $254,000.

A number of other institutional investors have also recently added to or reduced their stakes in GBTC. Sprott Inc. increased its holdings in Grayscale Bitcoin Trust by 83.2% in the fourth quarter. Sprott Inc. now owns 35,326 shares of the company’s stock valued at $2,615,000 after buying an additional 16,040 shares in the last quarter. Pine Valley Investments Ltd Liability Co grew its holdings in shares of Grayscale Bitcoin Trust by 1.0% in the 4th quarter. Pine Valley Investments Ltd Liability Co now owns 16,906 shares of the company’s stock worth $1,251,000 after acquiring an additional 165 shares during the period. Rothschild Investment LLC increased its stake in Grayscale Bitcoin Trust by 0.9% in the 4th quarter. Rothschild Investment LLC now owns 14,490 shares of the company’s stock valued at $1,073,000 after purchasing an additional 130 shares in the last quarter. IFP Advisors Inc raised its holdings in Grayscale Bitcoin Trust by 91.6% during the fourth quarter. IFP Advisors Inc now owns 3,372 shares of the company’s stock worth $250,000 after purchasing an additional 1,612 shares during the last quarter. Finally, New World Advisors LLC purchased a new stake in Grayscale Bitcoin Trust during the fourth quarter worth $234,000.

Grayscale Bitcoin Trust Stock Down 6.3 %

Shares of GBTC stock opened at $69.62 on Wednesday. The stock has a market cap of $17.60 billion, a P/E ratio of 2.23 and a beta of 2.51. Grayscale Bitcoin Trust has a fifty-two week low of $39.56 and a fifty-two week high of $86.11. The business has a fifty day simple moving average of $77.95 and a 200-day simple moving average of $64.78.

Grayscale Bitcoin Trust Company 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.