Knuff & Co LLC Buys Shares of 1,750 Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Knuff & Co LLC bought a new stake in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,750 shares of the company’s stock, valued at approximately $130,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Rothschild Investment LLC grew its position in Grayscale Bitcoin Trust by 0.9% in the fourth quarter. Rothschild Investment LLC now owns 14,490 shares of the company’s stock worth $1,073,000 after acquiring an additional 130 shares in the last quarter. Activest Wealth Management grew its position in Grayscale Bitcoin Trust by 53.0% in the fourth quarter. Activest Wealth Management now owns 404 shares of the company’s stock worth $30,000 after acquiring an additional 140 shares in the last quarter. Mutual Advisors LLC boosted its position in Grayscale Bitcoin Trust by 2.0% during the fourth quarter. Mutual Advisors LLC now owns 7,326 shares of the company’s stock valued at $583,000 after buying an additional 146 shares during the period. Pine Valley Investments Ltd Liability Co boosted its position in Grayscale Bitcoin Trust by 1.0% during the fourth quarter. Pine Valley Investments Ltd Liability Co now owns 16,906 shares of the company’s stock valued at $1,251,000 after buying an additional 165 shares during the period. Finally, Synovus Financial Corp boosted its position in Grayscale Bitcoin Trust by 0.8% during the third quarter. Synovus Financial Corp now owns 20,956 shares of the company’s stock valued at $1,058,000 after buying an additional 169 shares during the period.

Grayscale Bitcoin Trust Stock Up 5.2 %

NYSEARCA GBTC opened at $65.70 on Wednesday. The company has a 50-day simple moving average of $75.89 and a two-hundred day simple moving average of $66.31. Grayscale Bitcoin Trust has a 12-month low of $39.56 and a 12-month high of $86.11. The firm has a market cap of $16.26 billion, a price-to-earnings ratio of 2.23 and a beta of 2.59.

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.