NavPoint Financial Inc. Grows Holdings in Grayscale Bitcoin Trust ETF $GBTC

NavPoint Financial Inc. increased its stake in Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 407.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,200 shares of the company’s stock after buying an additional 10,600 shares during the period. NavPoint Financial Inc.’s holdings in Grayscale Bitcoin Trust ETF were worth $902,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Jump Financial LLC bought a new position in Grayscale Bitcoin Trust ETF in the 3rd quarter worth about $11,599,000. Ieq Capital LLC raised its stake in shares of Grayscale Bitcoin Trust ETF by 400.6% during the second quarter. Ieq Capital LLC now owns 113,310 shares of the company’s stock valued at $9,612,000 after acquiring an additional 90,675 shares in the last quarter. Osaic Holdings Inc. raised its stake in shares of Grayscale Bitcoin Trust ETF by 180.4% during the second quarter. Osaic Holdings Inc. now owns 70,124 shares of the company’s stock valued at $5,949,000 after acquiring an additional 45,112 shares in the last quarter. Creative Planning boosted its holdings in shares of Grayscale Bitcoin Trust ETF by 40.5% in the third 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 period. Finally, Corient Private Wealth LLC grew its stake in Grayscale Bitcoin Trust ETF by 203.6% in the second quarter. Corient Private Wealth LLC now owns 49,653 shares of the company’s stock worth $4,212,000 after purchasing an additional 33,299 shares in the last quarter.

Grayscale Bitcoin Trust ETF Price Performance

GBTC opened at $52.15 on Monday. The stock’s fifty day moving average is $55.31 and its two-hundred day moving average is $70.00. The company has a market capitalization of $12.56 billion, a P/E ratio of 2.23 and a beta of 2.40. Grayscale Bitcoin Trust ETF has a 52 week low of $48.56 and a 52 week 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.