Grayscale Bitcoin Trust (NYSEARCA:GBTC) Shares Bought by US Bancorp DE

US Bancorp DE raised its holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 2.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 48,016 shares of the company’s stock after purchasing an additional 1,143 shares during the period. US Bancorp DE’s holdings in Grayscale Bitcoin Trust were worth $3,554,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Fisher Asset Management LLC acquired a new stake in Grayscale Bitcoin Trust in the fourth quarter valued at approximately $633,000. SVB Wealth LLC acquired a new stake in Grayscale Bitcoin Trust in the fourth quarter valued at approximately $1,646,000. Flputnam Investment Management Co. acquired a new stake in Grayscale Bitcoin Trust in the fourth quarter valued at approximately $207,000. Illumine Investment Management LLC acquired a new stake in Grayscale Bitcoin Trust in the fourth quarter valued at approximately $2,248,000. Finally, Financial Security Advisor Inc. purchased a new position in shares of Grayscale Bitcoin Trust in the fourth quarter valued at approximately $273,000.

Grayscale Bitcoin Trust Price Performance

NYSEARCA GBTC opened at $71.56 on Thursday. The company has a market cap of $18.09 billion, a PE ratio of 2.23 and a beta of 2.51. The stock’s 50 day simple moving average is $76.53 and its 200-day simple moving average is $65.68. Grayscale Bitcoin Trust has a 1-year low of $39.56 and a 1-year high of $86.11.

About Grayscale Bitcoin Trust

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.