WCG Wealth Advisors LLC Purchases Shares of 16,529 Grayscale Bitcoin Trust ETF $GBTC

WCG Wealth Advisors LLC purchased a new stake in shares of Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 16,529 shares of the company’s stock, valued at approximately $1,130,000.

Several other hedge funds also recently modified their holdings of the business. Holos Integrated Wealth LLC acquired a new position in Grayscale Bitcoin Trust ETF during the 4th quarter valued at $28,000. CoreCap Advisors LLC raised its stake in Grayscale Bitcoin Trust ETF by 160.9% during the 4th quarter. CoreCap Advisors LLC now owns 441 shares of the company’s stock valued at $30,000 after purchasing an additional 272 shares during the last quarter. Cary Street Partners Investment Advisory LLC acquired a new position in Grayscale Bitcoin Trust ETF during the 4th quarter valued at $30,000. RHL Group LLC acquired a new position in Grayscale Bitcoin Trust ETF during the 4th quarter valued at $43,000. Finally, Key Capital Management INC acquired a new position in Grayscale Bitcoin Trust ETF during the 4th quarter valued at $59,000.

Grayscale Bitcoin Trust ETF Price Performance

NYSEARCA:GBTC opened at $46.80 on Friday. The stock has a market cap of $11.27 billion, a P/E ratio of 2.23 and a beta of 2.15. Grayscale Bitcoin Trust ETF has a one year low of $45.88 and a one year high of $99.12. The company has a fifty day moving average price of $57.60 and a 200 day moving average price of $61.50.

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.