CreativeOne Wealth LLC Grows Position in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

CreativeOne Wealth LLC grew its position in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 62.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,261 shares of the company’s stock after purchasing an additional 3,170 shares during the period. CreativeOne Wealth LLC’s holdings in Grayscale Bitcoin Trust were worth $417,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of GBTC. Bleakley Financial Group LLC increased its position in shares of Grayscale Bitcoin Trust by 2.3% in the third quarter. Bleakley Financial Group LLC now owns 60,389 shares of the company’s stock valued at $3,050,000 after acquiring an additional 1,349 shares during the period. ORG Wealth Partners LLC bought a new stake in Grayscale Bitcoin Trust in the 3rd quarter worth approximately $46,000. Western Wealth Management LLC increased its holdings in Grayscale Bitcoin Trust by 30.2% during the second quarter. Western Wealth Management LLC now owns 13,068 shares of the company’s stock valued at $696,000 after buying an additional 3,030 shares during the last quarter. Comerica Bank bought a new stake in Grayscale Bitcoin Trust during the 1st quarter worth approximately $361,000. Finally, ST Germain D J Co. Inc. purchased a new position in Grayscale Bitcoin Trust during the second quarter valued at $44,000.

Grayscale Bitcoin Trust Price Performance

Shares of NYSEARCA:GBTC opened at $77.09 on Monday. The firm has a market capitalization of $39.37 billion, a PE ratio of 2.29 and a beta of 1.25. Grayscale Bitcoin Trust has a 1 year low of $30.01 and a 1 year high of $79.34. The business has a 50 day simple moving average of $59.31 and a two-hundred day simple moving average of $55.49.

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.