Traders Purchase High Volume of Grayscale Bitcoin Trust Call Options (NYSEARCA:GBTC)

Grayscale Bitcoin Trust (NYSEARCA:GBTC) was the target of unusually large options trading on Monday. Stock investors bought 15,075 call options on the stock. This represents an increase of approximately 439% compared to the average daily volume of 2,799 call options.

Institutional Trading of Grayscale Bitcoin Trust

Institutional investors and hedge funds have recently modified their holdings of the business. Rothschild Investment LLC raised 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 valued at $1,073,000 after buying an additional 130 shares in the last quarter. Activest Wealth Management raised its holdings in shares of Grayscale Bitcoin Trust by 53.0% during the 4th quarter. Activest Wealth Management now owns 404 shares of the company’s stock valued at $30,000 after buying an additional 140 shares in the last quarter. Mutual Advisors LLC raised its holdings in shares of Grayscale Bitcoin Trust by 2.0% during the 4th quarter. Mutual Advisors LLC now owns 7,326 shares of the company’s stock valued at $583,000 after buying an additional 146 shares in the last quarter. Pine Valley Investments Ltd Liability Co raised 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 valued at $1,251,000 after buying an additional 165 shares in the last quarter. Finally, Synovus Financial Corp raised its holdings in shares of Grayscale Bitcoin Trust by 0.8% during the 3rd 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 in the last quarter.

Grayscale Bitcoin Trust Price Performance

Shares of NYSEARCA:GBTC traded up $3.28 on Monday, hitting $69.60. The company’s stock had a trading volume of 804,511 shares, compared to its average volume of 4,761,433. The company has a 50-day simple moving average of $74.24 and a 200 day simple moving average of $67.36. Grayscale Bitcoin Trust has a 1 year low of $39.56 and a 1 year high of $86.11. The company has a market capitalization of $17.06 billion, a PE ratio of 2.23 and a beta of 2.59.

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.