StoneX Group Inc. Makes New Investment in Grayscale Bitcoin Trust ETF $GBTC

StoneX Group Inc. purchased a new stake in shares of Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 8,893 shares of the company’s stock, valued at approximately $528,000.

Other large investors have also recently bought and sold shares of the company. International Assets Investment Management LLC lifted its stake in Grayscale Bitcoin Trust ETF by 5,295.7% in the 3rd quarter. International Assets Investment Management LLC now owns 300,000 shares of the company’s stock worth $19,377,000 after acquiring an additional 294,440 shares in the last quarter. Independent Financial Group LLC purchased a new position in Grayscale Bitcoin Trust ETF during the 1st quarter valued at about $2,691,000. Ridgepath Capital Management LLC purchased a new position in Grayscale Bitcoin Trust ETF during the 1st quarter valued at about $2,655,000. Fifth Third Bancorp increased its holdings in shares of Grayscale Bitcoin Trust ETF by 38,972.0% in the 1st quarter. Fifth Third Bancorp now owns 39,072 shares of the company’s stock valued at $2,061,000 after purchasing an additional 38,972 shares during the period. Finally, B. Riley Wealth Advisors Inc. increased its holdings in shares of Grayscale Bitcoin Trust ETF by 213.7% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 19,341 shares of the company’s stock valued at $1,249,000 after purchasing an additional 13,176 shares during the period.

Grayscale Bitcoin Trust ETF Price Performance

NYSEARCA GBTC opened at $57.57 on Thursday. Grayscale Bitcoin Trust ETF has a 52-week low of $44.98 and a 52-week high of $82.14. The firm has a market capitalization of $11.17 billion, a price-to-earnings ratio of 2.23 and a beta of 2.04. The company has a 50 day simple moving average of $62.32 and a 200-day simple moving average of $56.41.

Grayscale Bitcoin Trust ETF 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.