Mission Wealth Management LP Invests $735,000 in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Mission Wealth Management LP acquired a new position in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTCFree Report) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 11,642 shares of the company’s stock, valued at approximately $735,000.

Other hedge funds have also modified their holdings of the company. Dixon Mitchell Investment Counsel Inc. bought a new position in shares of Grayscale Bitcoin Trust during the 1st quarter valued at approximately $27,000. YHB Investment Advisors Inc. bought a new position in shares of Grayscale Bitcoin Trust during the 1st quarter valued at approximately $28,000. Toth Financial Advisory Corp bought a new position in shares of Grayscale Bitcoin Trust during the 1st quarter valued at approximately $28,000. Ulland Investment Advisors LLC bought a new position in shares of Grayscale Bitcoin Trust during the 1st quarter valued at approximately $32,000. Finally, Atticus Wealth Management LLC bought a new position in shares of Grayscale Bitcoin Trust during the 1st quarter valued at approximately $33,000.

Grayscale Bitcoin Trust Stock Performance

NYSEARCA GBTC opened at $50.15 on Friday. The company has a market cap of $25.61 billion, a P/E ratio of 2.29 and a beta of 1.25. The business’s 50 day moving average price is $57.59 and its 200-day moving average price is $51.91. Grayscale Bitcoin Trust has a fifty-two week low of $17.00 and a fifty-two week high of $65.61.

Grayscale Bitcoin Trust Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Grayscale Bitcoin Trust (NYSEARCA:GBTC)

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