Evolution Wealth Advisors LLC Makes New $1.36 Million Investment in Grayscale Bitcoin Trust ETF $GBTC

Evolution Wealth Advisors LLC acquired a new stake in shares of Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 19,881 shares of the company’s stock, valued at approximately $1,359,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Jump Financial LLC purchased a new position in Grayscale Bitcoin Trust ETF during the third quarter valued at $11,599,000. Ieq Capital LLC lifted its stake in Grayscale Bitcoin Trust ETF by 400.6% in the 2nd quarter. Ieq Capital LLC now owns 113,310 shares of the company’s stock worth $9,612,000 after purchasing an additional 90,675 shares in the last quarter. Osaic Holdings Inc. boosted its holdings in shares of Grayscale Bitcoin Trust ETF by 180.4% during the 2nd quarter. Osaic Holdings Inc. now owns 70,124 shares of the company’s stock valued at $5,949,000 after purchasing an additional 45,112 shares during the last quarter. Creative Planning boosted its holdings in shares of Grayscale Bitcoin Trust ETF by 40.5% during the 3rd quarter. Creative Planning now owns 135,202 shares of the company’s stock valued at $12,137,000 after purchasing an additional 38,955 shares during the last quarter. Finally, Corient Private Wealth LLC grew its position in shares of Grayscale Bitcoin Trust ETF by 203.6% during the second quarter. Corient Private Wealth LLC now owns 49,653 shares of the company’s stock valued at $4,212,000 after purchasing an additional 33,299 shares in the last quarter.

Grayscale Bitcoin Trust ETF Trading Up 2.2%

Shares of GBTC stock opened at $55.18 on Thursday. Grayscale Bitcoin Trust ETF has a 12-month low of $48.56 and a 12-month high of $99.12. The stock’s 50-day moving average price is $58.04 and its 200-day moving average price is $71.97. The stock has a market capitalization of $13.28 billion, a price-to-earnings ratio of 2.23 and a beta of 2.40.

Grayscale Bitcoin Trust ETF Company 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.