Bitcoin Investment Trust (GBTC) Receives New Coverage from Analysts at Buckingham Research
Buckingham Research began coverage on shares of Bitcoin Investment Trust (OTCMKTS:GBTC) in a report released on Friday, MarketBeat reports. The brokerage issued an underperform rating and a $8.35 price target on the stock.
Separately, Standpoint Research boosted their price target on Bitcoin Investment Trust from $120.88 to $153.85 and gave the company a buy rating in a report on Monday, November 20th.
Shares of Bitcoin Investment Trust (OTCMKTS GBTC) opened at $14.87 on Friday. Bitcoin Investment Trust has a fifty-two week low of $1.14 and a fifty-two week high of $38.71.
About Bitcoin Investment Trust
Bitcoin Investment Trust holds bitcoins and, from time to time, issues creation baskets in exchange for deposits of bitcoins and distributes bitcoins in connection with redemption baskets. The activities of the Trust includes issuing Baskets in exchange for bitcoins deposited by the authorized participants or liquidity providers, as applicable, with the custodian as consideration and transferring actual bitcoins as necessary to cover the combined fee and selling bitcoins as necessary to pay extraordinary fees.
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