Opal Wealth Advisors LLC purchased a new position in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC – Free Report) in the first quarter

The fund purchased 4145 shares of the company's stock valued at approximately $262000. A number of other large investors also recently modified their

Opal Wealth Advisors LLC disclosed in its most recent filing with the Securities and Exchange Commission (SEC) that it purchased a new position in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) during the first quarter. The fund acquired 4,145 shares of the company's stock, valued at approximately $262,000. Several other large investors also made changes to their holdings of the business.

Roble Belko & Company Inc acquired a new stake in Grayscale Bitcoin Trust during the first quarter valued at $65,000. Optimum Investment Advisors acquired a new stake in Grayscale Bitcoin Trust during the first quarter valued at $95,000. Kathleen S. Wright Associates Inc. acquired a new stake in Grayscale Bitcoin Trust during the fourth quarter valued at $59,000. Salem Investment Counselors Inc. acquired a new stake in Grayscale Bitcoin Trust during the first quarter valued at $112,000. And finally Winch Advisory Services LLC acquired a new stake in Grayscale Bitcoin Trust during the fourth quarter valued at $66,000.

Grayscale Bitcoin Trust Stock Performance

Shares of NYSEARCA GBTC opened at $54.24 on Monday. The stock has a market cap of $27.70 billion, a PE ratio of 2.29, and a beta of 1.25. The company has a fifty day moving average of $58.23 and a two-hundred day moving average of $50.91. Grayscale Bitcoin Trust has a 52-week low of $17.00 and a 52-week high of $65.61.

About Grayscale Bitcoin Trust

The Grayscale Bitcoin Trust (GBTC) is an exchange-traded fund that primarily invests in long btc, short usd currency. The fund is passively managed, providing exposure to the daily USD spot price of bitcoin (BTC). An investment in the fund is not a direct investment in bitcoin. GBTC began on Jan 11, 2024 and is issued by Grayscale.

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