Tidemark LLC increased its position in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC – Free Report) by 65.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,893 shares of the company’s stock after buying an additional 749 shares during the quarter. Tidemark LLC’s holdings in Grayscale Bitcoin Trust were worth $140,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of GBTC. Carret Asset Management LLC boosted its position in Grayscale Bitcoin Trust by 3.0% during the 4th quarter. Carret Asset Management LLC now owns 6,634 shares of the company’s stock worth $491,000 after acquiring an additional 196 shares during the last quarter. Madison Wealth Partners Inc acquired a new position in Grayscale Bitcoin Trust during the fourth quarter worth $251,000. CFO4Life Group LLC bought a new position in Grayscale Bitcoin Trust in the fourth quarter valued at $221,000. Balboa Wealth Partners acquired a new stake in Grayscale Bitcoin Trust in the 4th quarter valued at $295,000. Finally, Avantax Advisory Services Inc. lifted its position in Grayscale Bitcoin Trust by 5.0% during the 4th quarter. Avantax Advisory Services Inc. now owns 17,881 shares of the company’s stock worth $1,324,000 after buying an additional 849 shares in the last quarter.
Grayscale Bitcoin Trust Price Performance
Shares of NYSEARCA GBTC opened at $66.95 on Friday. The business has a 50-day moving average of $75.23 and a 200-day moving average of $66.52. The stock has a market capitalization of $16.56 billion, a price-to-earnings ratio of 2.23 and a beta of 2.59. Grayscale Bitcoin Trust has a fifty-two week low of $39.56 and a fifty-two week high of $86.11.
Grayscale Bitcoin Trust 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.
Featured Articles
- Five stocks we like better than Grayscale Bitcoin Trust
- How to Profit From Growth Investing
- Ignore Reports, Apple Won’t Install Starlink with iOS 18.3
- Consumer Discretionary Stocks Explained
- Casey’s Uptrend Remains Strong—New Highs on the Horizon
- Should You Add These Warren Buffett Stocks to Your Portfolio?
- Taiwan Semiconductor’s Huge U.S. Move—Stock Impact Ahead
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:GBTC – Free Report).
Receive News & Ratings for Grayscale Bitcoin Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grayscale Bitcoin Trust and related companies with MarketBeat.com's FREE daily email newsletter.
