Clear Harbor Asset Management LLC Buys Shares of 2,935 Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Clear Harbor Asset Management LLC bought a new position in Grayscale Bitcoin Trust (NYSEARCA:GBTC) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 2,935 shares of the company’s stock, valued at approximately $217,000.

Several other institutional investors have also modified their holdings of GBTC. Armstrong Advisory Group Inc. increased its stake in Grayscale Bitcoin Trust by 310.0% during the fourth quarter. Armstrong Advisory Group Inc. now owns 410 shares of the company’s stock worth $30,000 after acquiring an additional 310 shares during the last quarter. West Oak Capital LLC increased its position in shares of Grayscale Bitcoin Trust by 100.0% during the 3rd quarter. West Oak Capital LLC now owns 640 shares of the company’s stock worth $32,000 after purchasing an additional 320 shares during the last quarter. ORG Wealth Partners LLC purchased a new stake in Grayscale Bitcoin Trust in the 3rd quarter valued at about $46,000. Future Financial Wealth Managment LLC acquired a new position in Grayscale Bitcoin Trust in the third quarter valued at about $50,000. Finally, Icon Wealth Advisors LLC purchased a new position in Grayscale Bitcoin Trust during the third quarter worth about $53,000.

Grayscale Bitcoin Trust Stock Performance

Grayscale Bitcoin Trust stock opened at $82.70 on Thursday. The company has a market capitalization of $42.24 billion, a price-to-earnings ratio of 2.29 and a beta of 1.25. The company’s 50 day simple moving average is $77.10 and its 200-day simple moving average is $60.56. Grayscale Bitcoin Trust has a 1 year low of $34.31 and a 1 year high of $86.11.

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.