Grayscale Ethereum Trust (NYSEARCA:ETHE) Shares Gap Up – Should You Buy?

Grayscale Ethereum Trust (NYSEARCA:ETHEGet Free Report)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $15.22, but opened at $15.61. Grayscale Ethereum Trust shares last traded at $15.43, with a volume of 634,550 shares traded.

Grayscale Ethereum Trust Stock Up 4.9 %

The stock has a 50-day moving average of $20.61 and a 200 day moving average of $23.92. The stock has a market cap of $2.32 billion, a PE ratio of 1.61 and a beta of 3.40.

Grayscale Ethereum Trust Company Profile

(Get Free Report)

The Grayscale Ethereum Trust ETF (ETHE) is an exchange-traded fund that mostly invests in long eth, short usd currency. The fund is passively managed, offering exposure to the daily USD spot price of ether (ETH). An investment in the fund is not a direct investment in ether. ETHE was launched on Dec 14, 2017 and is issued by Grayscale.

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