2,510 Shares in Grayscale Bitcoin Trust ETF $GBTC Bought by Alexander Labrunerie & CO. Inc.

Alexander Labrunerie & CO. Inc. bought a new position in Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,510 shares of the company’s stock, valued at approximately $213,000.

Several other large investors have also made changes to their positions in GBTC. Palacios Wealth Management LLC purchased a new position in shares of Grayscale Bitcoin Trust ETF in the 1st quarter worth $65,170,000. DRW Securities LLC raised its position in shares of Grayscale Bitcoin Trust ETF by 849.0% in the 1st quarter. DRW Securities LLC now owns 370,589 shares of the company’s stock worth $24,151,000 after buying an additional 331,538 shares during the period. SCS Capital Management LLC purchased a new position in shares of Grayscale Bitcoin Trust ETF in the 1st quarter worth $4,950,000. Cresset Asset Management LLC raised its position in shares of Grayscale Bitcoin Trust ETF by 27.0% in the 1st quarter. Cresset Asset Management LLC now owns 299,976 shares of the company’s stock worth $19,549,000 after buying an additional 63,749 shares during the period. Finally, Ethos Financial Group LLC purchased a new position in shares of Grayscale Bitcoin Trust ETF in the 1st quarter worth $3,468,000.

Grayscale Bitcoin Trust ETF Trading Up 3.9%

Shares of GBTC opened at $90.09 on Tuesday. Grayscale Bitcoin Trust ETF has a twelve month low of $53.37 and a twelve month high of $99.12. The firm has a market capitalization of $21.69 billion, a P/E ratio of 2.23 and a beta of 2.40. The stock’s fifty day simple moving average is $89.25 and its 200 day simple moving average is $85.66.

About Grayscale Bitcoin Trust ETF

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.