Grayscale Bitcoin Trust ETF $GBTC Shares Bought by Ritholtz Wealth Management

Ritholtz Wealth Management raised its stake in Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 14.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,792 shares of the company’s stock after acquiring an additional 1,599 shares during the quarter. Ritholtz Wealth Management’s holdings in Grayscale Bitcoin Trust ETF were worth $1,085,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Grayscale Bitcoin Trust ETF by 34.9% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,318 shares of the company’s stock worth $86,000 after acquiring an additional 341 shares during the last quarter. Integrity Alliance LLC. acquired a new position in shares of Grayscale Bitcoin Trust ETF in the first quarter worth $216,000. Colonial Trust Advisors raised its holdings in shares of Grayscale Bitcoin Trust ETF by 24.8% in the first quarter. Colonial Trust Advisors now owns 1,760 shares of the company’s stock worth $115,000 after acquiring an additional 350 shares during the last quarter. Mirador Capital Partners LP acquired a new position in shares of Grayscale Bitcoin Trust ETF in the second quarter worth $243,000. Finally, Oxinas Partners Wealth Management LLC acquired a new position in shares of Grayscale Bitcoin Trust ETF in the second quarter worth $225,000.

Grayscale Bitcoin Trust ETF Stock Down 1.6%

NYSEARCA GBTC opened at $83.46 on Friday. Grayscale Bitcoin Trust ETF has a fifty-two week low of $51.83 and a fifty-two week high of $99.12. The stock has a market cap of $20.09 billion, a price-to-earnings ratio of 2.23 and a beta of 2.47. The business has a fifty day moving average of $90.01 and a 200-day moving average of $84.41.

Grayscale Bitcoin Trust ETF 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.