Advyzon Investment Management LLC Invests $1.09 Million in Grayscale Bitcoin Trust ETF $GBTC

Advyzon Investment Management LLC purchased a new position in Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) in the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 12,864 shares of the company’s stock, valued at approximately $1,091,000.

Several other large investors also recently made changes to their positions in the business. Hurley Capital LLC acquired a new position in shares of Grayscale Bitcoin Trust ETF in the 1st quarter worth $34,000. Flaharty Asset Management LLC acquired a new position in Grayscale Bitcoin Trust ETF in the 1st quarter worth about $39,000. Atlantic Union Bankshares Corp acquired a new position in Grayscale Bitcoin Trust ETF during the second quarter worth $42,000. First Horizon Advisors Inc. raised its stake in shares of Grayscale Bitcoin Trust ETF by 36.9% in the 2nd quarter. First Horizon Advisors Inc. now owns 575 shares of the company’s stock valued at $49,000 after acquiring an additional 155 shares in the last quarter. Finally, Headlands Technologies LLC grew its stake in Grayscale Bitcoin Trust ETF by 227.0% in the 1st quarter. Headlands Technologies LLC now owns 1,128 shares of the company’s stock valued at $74,000 after buying an additional 783 shares during the last quarter.

Grayscale Bitcoin Trust ETF Stock Up 2.2%

Shares of NYSEARCA:GBTC opened at $83.05 on Tuesday. The business has a 50 day moving average price of $88.32 and a 200 day moving average price of $86.82. The company has a market cap of $19.99 billion, a price-to-earnings ratio of 2.23 and a beta of 2.40. Grayscale Bitcoin Trust ETF has a twelve month low of $59.79 and a twelve month high of $99.12.

About Grayscale Bitcoin Trust ETF

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.