Grayscale Bitcoin Trust (NYSEARCA:GBTC) Stake Increased by Intellectus Partners LLC

Intellectus Partners LLC lifted its holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 4.1% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 79,934 shares of the company’s stock after acquiring an additional 3,165 shares during the quarter. Grayscale Bitcoin Trust comprises about 1.0% of Intellectus Partners LLC’s investment portfolio, making the stock its 18th largest position. Intellectus Partners LLC’s holdings in Grayscale Bitcoin Trust were worth $4,037,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of GBTC. Janney Montgomery Scott LLC acquired a new position in Grayscale Bitcoin Trust in the 1st quarter valued at approximately $363,000. Quent Capital LLC acquired a new position in shares of Grayscale Bitcoin Trust in the first quarter worth $460,000. Concurrent Investment Advisors LLC purchased a new stake in shares of Grayscale Bitcoin Trust during the first quarter worth $213,000. US Bancorp DE purchased a new stake in shares of Grayscale Bitcoin Trust during the first quarter worth $2,907,000. Finally, Avantax Advisory Services Inc. purchased a new position in Grayscale Bitcoin Trust in the first quarter valued at about $1,200,000.

Grayscale Bitcoin Trust Price Performance

Shares of Grayscale Bitcoin Trust stock opened at $69.50 on Friday. The firm has a market cap of $35.49 billion, a price-to-earnings ratio of 2.29 and a beta of 1.25. The stock has a 50-day simple moving average of $52.56 and a 200-day simple moving average of $53.81. Grayscale Bitcoin Trust has a 52-week low of $28.00 and a 52-week high of $74.36.

Grayscale Bitcoin Trust 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.