3,161 Shares in Grayscale Bitcoin Trust (NYSEARCA:GBTC) Acquired by New World Advisors LLC

New World Advisors LLC bought a new position in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 3,161 shares of the company’s stock, valued at approximately $234,000.

Several other large investors have also recently added to or reduced their stakes in the business. Activest Wealth Management increased its stake in Grayscale Bitcoin Trust by 53.0% during the 4th quarter. Activest Wealth Management now owns 404 shares of the company’s stock worth $30,000 after buying an additional 140 shares during the period. Mutual Advisors LLC increased its position in shares of Grayscale Bitcoin Trust by 2.0% in the 4th quarter. Mutual Advisors LLC now owns 7,326 shares of the company’s stock valued at $583,000 after purchasing an additional 146 shares during the last quarter. Synovus Financial Corp increased its position in shares of Grayscale Bitcoin Trust by 0.8% in the 3rd quarter. Synovus Financial Corp now owns 20,956 shares of the company’s stock valued at $1,058,000 after purchasing an additional 169 shares during the last quarter. Flagstar Advisors Inc. increased its position in shares of Grayscale Bitcoin Trust by 2.7% in the 3rd quarter. Flagstar Advisors Inc. now owns 7,472 shares of the company’s stock valued at $377,000 after purchasing an additional 196 shares during the last quarter. Finally, Mainstay Capital Management LLC ADV increased its position in shares of Grayscale Bitcoin Trust by 0.8% in the 4th quarter. Mainstay Capital Management LLC ADV now owns 24,048 shares of the company’s stock valued at $1,780,000 after purchasing an additional 200 shares during the last quarter.

Grayscale Bitcoin Trust Trading Down 3.8 %

Shares of NYSEARCA:GBTC opened at $75.06 on Monday. Grayscale Bitcoin Trust has a 52 week low of $39.56 and a 52 week high of $86.11. The company’s 50 day moving average is $78.14 and its two-hundred day moving average is $64.59. The company has a market cap of $18.97 billion, a PE ratio of 2.23 and a beta of 2.51.

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.