Grayscale Ethereum Trust ETF (NYSEARCA:ETHE – Get Free Report)’s share price was down 7.8% on Wednesday . The stock traded as low as $23.61 and last traded at $23.65. Approximately 10,473,868 shares changed hands during mid-day trading, an increase of 92% from the average daily volume of 5,455,451 shares. The stock had previously closed at $25.64.
Grayscale Ethereum Trust ETF Price Performance
The firm has a market capitalization of $6.35 billion, a price-to-earnings ratio of 2.06 and a beta of 4.48. The stock has a fifty day moving average of $32.79 and a two-hundred day moving average of $28.74.
Grayscale Ethereum Trust ETF Company Profile
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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