Grayscale Ethereum Trust ETF (NYSEARCA:ETHE) Shares Gap Down – Time to Sell?

Grayscale Ethereum Trust ETF (NYSEARCA:ETHEGet Free Report)’s share price gapped down before the market opened on Monday . The stock had previously closed at $20.00, but opened at $18.64. Grayscale Ethereum Trust ETF shares last traded at $19.14, with a volume of 1,333,099 shares changing hands.

Grayscale Ethereum Trust ETF Stock Down 8.4%

The stock has a market cap of $2.51 billion, a PE ratio of 2.13 and a beta of 3.85. The stock’s fifty day moving average price is $18.78 and its 200 day moving average price is $21.45.

Grayscale Ethereum Trust ETF 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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