Grayscale Bitcoin Trust ETF $GBTC Shares Bought by International Assets Investment Management LLC

International Assets Investment Management LLC lifted its stake in shares of Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 5,295.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 300,000 shares of the company’s stock after purchasing an additional 294,440 shares during the quarter. International Assets Investment Management LLC owned about 0.15% of Grayscale Bitcoin Trust ETF worth $19,377,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in GBTC. Partners Wealth Management LLC bought a new position in Grayscale Bitcoin Trust ETF during the 3rd quarter worth $484,000. Choreo LLC lifted its stake in Grayscale Bitcoin Trust ETF by 1.0% in the third quarter. Choreo LLC now owns 22,333 shares of the company’s stock valued at $1,442,000 after buying an additional 212 shares during the last quarter. Financial Insights Inc. acquired a new position in shares of Grayscale Bitcoin Trust ETF during the third quarter valued at $351,000. Sage Financial Group Inc. acquired a new position in shares of Grayscale Bitcoin Trust ETF during the third quarter valued at $416,000. Finally, Roman Butler Fullerton & Co. boosted its holdings in shares of Grayscale Bitcoin Trust ETF by 10.4% during the third quarter. Roman Butler Fullerton & Co. now owns 9,928 shares of the company’s stock valued at $627,000 after acquiring an additional 932 shares during the period.

Grayscale Bitcoin Trust ETF Stock Performance

Grayscale Bitcoin Trust ETF stock opened at $59.12 on Friday. The company has a 50-day simple moving average of $62.62 and a 200-day simple moving average of $56.95. The firm has a market capitalization of $11.47 billion, a P/E ratio of 2.23 and a beta of 2.19. Grayscale Bitcoin Trust ETF has a one year low of $44.98 and a one year high of $87.01.

About Grayscale Bitcoin Trust ETF

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.