Opal Wealth Advisors LLC Purchases New Holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Opal Wealth Advisors LLC purchased a new stake in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 3,945 shares of the company’s stock, valued at approximately $292,000.

A number of other institutional investors and hedge funds also recently modified their holdings of GBTC. Dynamic Advisor Solutions LLC increased its position in shares of Grayscale Bitcoin Trust by 14.0% during the third quarter. Dynamic Advisor Solutions LLC now owns 6,844 shares of the company’s stock valued at $346,000 after acquiring an additional 840 shares during the last quarter. CWM LLC increased its position in Grayscale Bitcoin Trust by 255.3% in the third quarter. CWM LLC now owns 2,782 shares of the company’s stock worth $140,000 after buying an additional 1,999 shares during the last quarter. Valeo Financial Advisors LLC increased its position in Grayscale Bitcoin Trust by 11.5% in the third quarter. Valeo Financial Advisors LLC now owns 11,378 shares of the company’s stock worth $575,000 after buying an additional 1,171 shares during the last quarter. Koshinski Asset Management Inc. increased its position in Grayscale Bitcoin Trust by 10.1% in the third quarter. Koshinski Asset Management Inc. now owns 6,095 shares of the company’s stock worth $308,000 after buying an additional 560 shares during the last quarter. Finally, Sound Income Strategies LLC increased its position in Grayscale Bitcoin Trust by 6.3% in the third quarter. Sound Income Strategies LLC now owns 4,651 shares of the company’s stock worth $235,000 after buying an additional 276 shares during the last quarter.

Grayscale Bitcoin Trust Price Performance

NYSEARCA:GBTC opened at $75.85 on Monday. The business has a fifty day simple moving average of $78.55 and a two-hundred day simple moving average of $62.80. 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 $38.74 billion, a P/E ratio of 2.29 and a beta of 1.25.

Grayscale Bitcoin Trust 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.