Advisor OS LLC Takes $245,000 Position in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Advisor OS LLC acquired a new stake in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 3,310 shares of the company’s stock, valued at approximately $245,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Cutter & CO Brokerage Inc. acquired a new position in shares of Grayscale Bitcoin Trust during the 4th quarter valued at about $289,000. LGL Partners LLC purchased a new stake in shares of Grayscale Bitcoin Trust during the 4th quarter worth about $254,000. Sprott Inc. grew its holdings in shares of Grayscale Bitcoin Trust by 83.2% during the 4th quarter. Sprott Inc. now owns 35,326 shares of the company’s stock worth $2,615,000 after purchasing an additional 16,040 shares during the period. Pine Valley Investments Ltd Liability Co grew its holdings in shares of Grayscale Bitcoin Trust by 1.0% during the 4th quarter. Pine Valley Investments Ltd Liability Co now owns 16,906 shares of the company’s stock worth $1,251,000 after purchasing an additional 165 shares during the period. Finally, Rothschild Investment LLC grew its holdings in shares of Grayscale Bitcoin Trust by 0.9% during the 4th quarter. Rothschild Investment LLC now owns 14,490 shares of the company’s stock worth $1,073,000 after purchasing an additional 130 shares during the period.

Grayscale Bitcoin Trust Stock Performance

Shares of NYSEARCA:GBTC opened at $65.95 on Friday. Grayscale Bitcoin Trust has a 1 year low of $39.56 and a 1 year high of $86.11. The stock has a market capitalization of $16.67 billion, a P/E ratio of 2.23 and a beta of 2.51. The stock has a 50-day simple moving average of $77.18 and a 200-day simple moving average of $64.95.

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.