10,471 Shares in Grayscale Bitcoin Trust (NYSEARCA:GBTC) Acquired by Coppell Advisory Solutions Corp.

Coppell Advisory Solutions Corp. acquired a new stake in Grayscale Bitcoin Trust (NYSEARCA:GBTC) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 10,471 shares of the company’s stock, valued at approximately $661,000.

Other hedge funds also recently made changes to their positions in the company. Jane Street Group LLC acquired a new position in shares of Grayscale Bitcoin Trust in the first quarter worth about $117,350,000. Sloy Dahl & Holst LLC purchased a new position in shares of Grayscale Bitcoin Trust during the 1st quarter valued at approximately $32,959,000. Bracebridge Capital LLC acquired a new stake in shares of Grayscale Bitcoin Trust during the first quarter worth approximately $26,526,000. Mad River Investors bought a new stake in shares of Grayscale Bitcoin Trust in the first quarter worth $25,251,000. Finally, Global Assets Advisory LLC bought a new stake in shares of Grayscale Bitcoin Trust in the first quarter worth $22,079,000.

Grayscale Bitcoin Trust Trading Down 3.4 %

NYSEARCA GBTC traded down $1.79 during trading hours on Thursday, reaching $50.28. 3,668,566 shares of the company traded hands, compared to its average volume of 11,523,541. The company has a 50 day moving average of $57.25 and a two-hundred day moving average of $54.52. The stock has a market capitalization of $25.68 billion, a PE ratio of 2.29 and a beta of 1.25. Grayscale Bitcoin Trust has a 12 month low of $17.00 and a 12 month high of $65.61.

About Grayscale Bitcoin Trust

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.