Grayscale Ethereum Classic Trust (ETC) (OTCMKTS:ETCG) Sees Significant Decline in Short Interest

Grayscale Ethereum Classic Trust (ETC) (OTCMKTS:ETCG) saw a significant drop in short interest in June. As of June 30th, there was short interest totaling 282 shares, a drop of 83.6% from the June 15th total of 1,719 shares. Based on an average trading volume of 31,212 shares, the short-interest ratio is currently 0.0 days.

Grayscale Ethereum Classic Trust (ETC) Trading Up 1.3%

ETCG traded up $0.05 on Friday, reaching $3.96. The company’s stock had a trading volume of 5,311 shares, compared to its average volume of 35,358. Grayscale Ethereum Classic Trust has a 1 year low of $3.55 and a 1 year high of $12.79. The business’s 50 day moving average is $4.17 and its 200 day moving average is $4.89.

Grayscale Ethereum Classic Trust (ETC) Company Profile

Grayscale Ethereum Classic Trust (OTCMKTS: ETCG) is a digital currency investment vehicle that provides investors with a convenient and regulated means of gaining exposure to Ethereum Classic (ETC) without the need for direct purchase, storage, or management of the cryptocurrency. The trust holds ETC in cold storage, and each share issued by the trust represents a fractional interest in those holdings. Shares are quoted on the OTCQX market, allowing U.S. and international investors to buy and sell through conventional brokerage accounts.

Launched by Grayscale Investments—an affiliate of Digital Currency Group—the Ethereum Classic Trust first commenced operations in late 2017.