Verus Capital Partners LLC Makes New $325,000 Investment in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Verus Capital Partners LLC acquired a new position in Grayscale Bitcoin Trust (NYSEARCA:GBTC) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 6,097 shares of the company’s stock, valued at approximately $325,000.

A number of other large investors also recently modified their holdings of GBTC. DHJJ Financial Advisors Ltd. purchased a new stake in Grayscale Bitcoin Trust in the 2nd quarter valued at $26,000. Dixon Mitchell Investment Counsel Inc. purchased a new stake in shares of Grayscale Bitcoin Trust in the first quarter valued at about $27,000. Global Wealth Strategies & Associates purchased a new stake in shares of Grayscale Bitcoin Trust in the second quarter valued at about $27,000. YHB Investment Advisors Inc. purchased a new stake in shares of Grayscale Bitcoin Trust in the first quarter valued at about $28,000. Finally, Toth Financial Advisory Corp purchased a new stake in shares of Grayscale Bitcoin Trust in the first quarter valued at about $28,000.

Grayscale Bitcoin Trust Price Performance

Shares of GBTC stock opened at $46.21 on Wednesday. The firm has a 50-day moving average of $51.60 and a 200-day moving average of $55.74. The company has a market cap of $23.60 billion, a P/E ratio of 2.29 and a beta of 1.25. Grayscale Bitcoin Trust has a one year low of $18.04 and a one year high of $65.61.

Grayscale Bitcoin Trust Company 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.