Grayscale Bitcoin Trust Target of Unusually High Options Trading (NYSEARCA:GBTC)

Grayscale Bitcoin Trust (NYSEARCA:GBTC) was the recipient of unusually large options trading activity on Monday. Investors bought 15,075 call options on the company. This represents an increase of 439% compared to the typical volume of 2,799 call options.

Grayscale Bitcoin Trust Stock Performance

Grayscale Bitcoin Trust stock opened at $69.72 on Wednesday. The stock has a market cap of $17.09 billion, a PE ratio of 2.23 and a beta of 2.59. The stock has a fifty day moving average of $74.02 and a 200 day moving average of $67.72. Grayscale Bitcoin Trust has a one year low of $39.56 and a one year high of $86.11.

Institutional Investors Weigh In On Grayscale Bitcoin Trust

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Rothschild Investment LLC raised its stake in Grayscale Bitcoin Trust by 0.9% during the 4th quarter. Rothschild Investment LLC now owns 14,490 shares of the company’s stock worth $1,073,000 after acquiring an additional 130 shares during the period. Activest Wealth Management raised its position in shares of Grayscale Bitcoin Trust by 53.0% during the 4th quarter. Activest Wealth Management now owns 404 shares of the company’s stock valued at $30,000 after purchasing an additional 140 shares during the period. Mutual Advisors LLC raised its position in shares of Grayscale Bitcoin Trust by 2.0% during 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 period. Pine Valley Investments Ltd Liability Co lifted its stake in shares of Grayscale Bitcoin Trust by 1.0% during the 4th quarter. Pine Valley Investments Ltd Liability Co now owns 16,906 shares of the company’s stock valued at $1,251,000 after buying an additional 165 shares in the last quarter. Finally, Synovus Financial Corp boosted its holdings 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 buying an additional 169 shares during the period.

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.