Elevatus Welath Management Takes Position in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Elevatus Welath Management acquired a new position in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTCFree Report) in the 4th quarter, Holdings Channel reports. The fund acquired 2,900 shares of the company’s stock, valued at approximately $215,000.

Several other hedge funds have also recently added to or reduced their stakes in GBTC. Wilmington Savings Fund Society FSB grew its stake in shares of Grayscale Bitcoin Trust by 233.8% in the third quarter. Wilmington Savings Fund Society FSB now owns 22,630 shares of the company’s stock worth $1,143,000 after acquiring an additional 15,850 shares during the last quarter. Synovus Financial Corp grew its position in Grayscale Bitcoin Trust by 0.8% in the 3rd quarter. Synovus Financial Corp now owns 20,956 shares of the company’s stock worth $1,058,000 after purchasing an additional 169 shares during the last quarter. Modus Advisors LLC bought a new position in shares of Grayscale Bitcoin Trust during the 4th quarter worth about $255,000. Fortem Financial Group LLC raised its position in shares of Grayscale Bitcoin Trust by 2.0% during the fourth quarter. Fortem Financial Group LLC now owns 25,250 shares of the company’s stock valued at $1,869,000 after buying an additional 500 shares during the last quarter. Finally, Advance Capital Management Inc. bought a new stake in shares of Grayscale Bitcoin Trust in the fourth quarter valued at about $227,000.

Grayscale Bitcoin Trust Stock Up 0.7 %

Shares of GBTC opened at $67.09 on Friday. The stock’s 50-day moving average price is $68.18 and its 200 day moving average price is $69.65. Grayscale Bitcoin Trust has a 12-month low of $39.56 and a 12-month high of $86.11. The firm has a market capitalization of $16.20 billion, a price-to-earnings ratio of 2.23 and a beta of 2.56.

About Grayscale Bitcoin Trust

(Free Report)

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.

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Want to see what other hedge funds are holding GBTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Grayscale Bitcoin Trust (NYSEARCA:GBTCFree Report).

Institutional Ownership by Quarter for Grayscale Bitcoin Trust (NYSEARCA:GBTC)

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