Grayscale Bitcoin Trust ETF Sees Unusually Large Options Volume (NYSEARCA:GBTC)

Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) was the target of some unusual options trading activity on Wednesday. Stock traders acquired 21,622 call options on the company. This is an increase of approximately 765% compared to the average daily volume of 2,501 call options.

Grayscale Bitcoin Trust ETF Price Performance

Shares of GBTC stock opened at $49.04 on Thursday. The company has a fifty day moving average price of $49.06 and a two-hundred day moving average price of $54.26. Grayscale Bitcoin Trust ETF has a one year low of $44.98 and a one year high of $99.12. The stock has a market cap of $9.51 billion, a P/E ratio of 2.23 and a beta of 2.17.

Institutional Investors Weigh In On Grayscale Bitcoin Trust ETF

Large investors have recently added to or reduced their stakes in the business. Garton & Associates Financial Advisors LLC acquired a new position in shares of Grayscale Bitcoin Trust ETF in the fourth quarter valued at $27,000. Cary Street Partners Investment Advisory LLC acquired a new stake in shares of Grayscale Bitcoin Trust ETF during the 4th quarter worth about $30,000. Hollencrest Capital Management boosted its holdings in shares of Grayscale Bitcoin Trust ETF by 480.8% during the 1st quarter. Hollencrest Capital Management now owns 726 shares of the company’s stock worth $38,000 after buying an additional 601 shares during the period. RHL Group LLC acquired a new position in Grayscale Bitcoin Trust ETF in the 4th quarter valued at about $43,000. Finally, Quattro Advisors LLC bought a new position in Grayscale Bitcoin Trust ETF in the 4th quarter valued at about $52,000.

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.