Grayscale Bitcoin Trust ETF $GBTC Stock Purchased by Lido Advisors LLC

Lido Advisors LLC boosted its stake in shares of Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 17.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 162,423 shares of the company’s stock after buying an additional 23,901 shares during the period. Lido Advisors LLC’s holdings in Grayscale Bitcoin Trust ETF were worth $10,491,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Root Financial Partners LLC acquired a new position in shares of Grayscale Bitcoin Trust ETF in the third quarter worth about $31,000. Hollencrest Capital Management increased its position in shares of Grayscale Bitcoin Trust ETF by 480.8% in the first quarter. Hollencrest Capital Management now owns 726 shares of the company’s stock worth $38,000 after acquiring an additional 601 shares in the last quarter. Pathway Financial Advisers LLC acquired a new stake in shares of Grayscale Bitcoin Trust ETF during the third quarter valued at approximately $103,000. CX Institutional acquired a new stake in shares of Grayscale Bitcoin Trust ETF during the third quarter valued at approximately $105,000. Finally, Compass Financial Management LLC acquired a new stake in shares of Grayscale Bitcoin Trust ETF during the second quarter valued at approximately $114,000.

Grayscale Bitcoin Trust ETF Stock Performance

Grayscale Bitcoin Trust ETF stock opened at $57.57 on Thursday. The company has a 50 day moving average price of $62.32 and a 200 day moving average price of $56.41. Grayscale Bitcoin Trust ETF has a 52 week low of $44.98 and a 52 week high of $82.14. The firm has a market capitalization of $11.17 billion, a price-to-earnings ratio of 2.23 and a beta of 2.04.

Grayscale Bitcoin Trust ETF 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.