Opal Wealth Advisors LLC Makes New Investment in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Opal Wealth Advisors LLC purchased a new position in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 3,945 shares of the company’s stock, valued at approximately $292,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Greenwich Wealth Management LLC lifted its stake in shares of Grayscale Bitcoin Trust by 99.9% in the 3rd quarter. Greenwich Wealth Management LLC now owns 1,076,820 shares of the company’s stock valued at $54,379,000 after acquiring an additional 538,256 shares during the last quarter. Strategic Financial Concepts LLC bought a new stake in shares of Grayscale Bitcoin Trust in the 4th quarter valued at about $19,360,000. International Assets Investment Management LLC lifted its stake in shares of Grayscale Bitcoin Trust by 4,950.0% in the 3rd quarter. International Assets Investment Management LLC now owns 193,415 shares of the company’s stock valued at $97,670,000 after acquiring an additional 189,585 shares during the last quarter. Atlas Wealth Partners LLC bought a new stake in shares of Grayscale Bitcoin Trust in the 3rd quarter valued at about $7,774,000. Finally, Citrine Capital LLC bought a new stake in shares of Grayscale Bitcoin Trust in the 4th quarter valued at about $7,721,000.

Grayscale Bitcoin Trust Trading Down 1.2 %

NYSEARCA GBTC opened at $75.85 on Monday. Grayscale Bitcoin Trust has a 1-year low of $39.56 and a 1-year high of $86.11. The stock has a 50-day moving average of $78.55 and a 200-day moving average of $62.80. The firm has a market cap of $38.74 billion, a PE ratio of 2.29 and a beta of 1.25.

About Grayscale Bitcoin Trust

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.