B. Riley Wealth Advisors Inc. Acquires New Holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

B. Riley Wealth Advisors Inc. bought a new stake in Grayscale Bitcoin Trust (NYSEARCA:GBTC) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 40,538 shares of the company’s stock, valued at approximately $2,158,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Optimum Investment Advisors acquired a new stake in shares of Grayscale Bitcoin Trust in the 1st quarter worth approximately $95,000. BOKF NA acquired a new stake in Grayscale Bitcoin Trust in the first quarter worth approximately $57,000. SeaCrest Wealth Management LLC bought a new position in Grayscale Bitcoin Trust during the 1st quarter valued at $370,000. Opal Wealth Advisors LLC acquired a new position in shares of Grayscale Bitcoin Trust during the 1st quarter valued at $262,000. Finally, Level Financial Advisors bought a new stake in shares of Grayscale Bitcoin Trust in the 1st quarter worth $255,000.

Grayscale Bitcoin Trust Stock Down 2.7 %

Shares of GBTC stock opened at $49.12 on Wednesday. The stock has a 50-day simple moving average of $49.04 and a 200 day simple moving average of $54.79. The stock has a market capitalization of $25.09 billion, a P/E ratio of 2.29 and a beta of 1.25. Grayscale Bitcoin Trust has a fifty-two week low of $19.19 and a fifty-two week high of $65.61.

Grayscale Bitcoin Trust 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.