C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Invests $780,000 in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in Grayscale Bitcoin Trust (NYSEARCA:GBTCFree Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 12,352 shares of the company’s stock, valued at approximately $780,000.

A number of other large investors also recently modified their holdings of the business. Dixon Mitchell Investment Counsel Inc. bought a new position in shares of Grayscale Bitcoin Trust in the 1st quarter worth about $27,000. Toth Financial Advisory Corp bought a new position in shares of Grayscale Bitcoin Trust in the 1st quarter worth about $28,000. YHB Investment Advisors Inc. bought a new position in shares of Grayscale Bitcoin Trust in the 1st quarter worth about $28,000. Hollencrest Capital Management bought a new position in shares of Grayscale Bitcoin Trust in the 1st quarter worth about $28,000. Finally, Ulland Investment Advisors LLC bought a new position in shares of Grayscale Bitcoin Trust in the 1st quarter worth about $32,000.

Grayscale Bitcoin Trust Stock Performance

Shares of Grayscale Bitcoin Trust stock traded down $0.38 during trading hours on Wednesday, reaching $50.97. The company’s stock had a trading volume of 3,387,922 shares, compared to its average volume of 12,408,943. The stock has a market cap of $26.03 billion, a P/E ratio of 2.29 and a beta of 1.25. The company’s 50 day simple moving average is $57.45 and its 200 day simple moving average is $52.08. Grayscale Bitcoin Trust has a one year low of $17.00 and a one year high of $65.61.

Grayscale Bitcoin Trust Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Grayscale Bitcoin Trust (NYSEARCA:GBTC)

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