World Investment Advisors Invests $387,000 in Grayscale Bitcoin Trust ETF $GBTC

World Investment Advisors bought a new stake in shares of Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 4,559 shares of the company’s stock, valued at approximately $387,000.

Several other hedge funds have also added to or reduced their stakes in the business. Palacios Wealth Management LLC bought a new position in shares of Grayscale Bitcoin Trust ETF during the first quarter valued at about $65,170,000. DRW Securities LLC grew its position in Grayscale Bitcoin Trust ETF by 849.0% during the 1st quarter. DRW Securities LLC now owns 370,589 shares of the company’s stock worth $24,151,000 after acquiring an additional 331,538 shares during the last quarter. Cresset Asset Management LLC increased its stake in 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 purchasing an additional 63,749 shares during the period. Commonwealth Equity Services LLC increased its stake in shares of Grayscale Bitcoin Trust ETF by 3.1% in the first quarter. Commonwealth Equity Services LLC now owns 256,572 shares of the company’s stock worth $16,721,000 after buying an additional 7,752 shares during the period. Finally, Foundations Investment Advisors LLC raised its holdings in Grayscale Bitcoin Trust ETF by 0.4% during the 1st quarter. Foundations Investment Advisors LLC now owns 144,456 shares of the company’s stock valued at $9,414,000 after buying an additional 621 shares during the last quarter.

Grayscale Bitcoin Trust ETF Stock Down 2.9%

Shares of Grayscale Bitcoin Trust ETF stock opened at $83.50 on Tuesday. The company’s fifty day simple moving average is $88.91 and its two-hundred day simple moving average is $86.49. Grayscale Bitcoin Trust ETF has a 12-month low of $53.37 and a 12-month high of $99.12. The firm has a market cap of $20.10 billion, a PE ratio of 2.23 and a beta of 2.40.

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.