Shares of Grayscale Ethereum Trust ETF (NYSEARCA:ETHE – Get Free Report) were down 1.5% on Tuesday . The stock traded as low as $14.97 and last traded at $15.48. Approximately 2,090,622 shares were traded during mid-day trading, a decline of 48% from the average daily volume of 4,001,036 shares. The stock had previously closed at $15.72.
Grayscale Ethereum Trust ETF Price Performance
The stock has a 50-day moving average price of $14.60 and a 200-day moving average price of $17.32. The company has a market capitalization of $1.56 billion, a P/E ratio of 2.06 and a beta of 2.58.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of the company. DRW Securities LLC bought a new stake in shares of Grayscale Ethereum Trust ETF in the 4th quarter valued at $12,338,000. Integrated Advisors Network LLC raised its stake in Grayscale Ethereum Trust ETF by 142.7% during the first quarter. Integrated Advisors Network LLC now owns 358,249 shares of the company’s stock worth $6,115,000 after buying an additional 210,612 shares during the last quarter. Jump Financial LLC acquired a new position in Grayscale Ethereum Trust ETF in the third quarter valued at $5,422,000. Halter Ferguson Financial Inc. acquired a new position in Grayscale Ethereum Trust ETF in the fourth quarter valued at $1,837,000. Finally, Surience Private Wealth LLC bought a new stake in Grayscale Ethereum Trust ETF during the first quarter valued at $1,109,000.
About Grayscale Ethereum Trust ETF
Grayscale Ethereum Staking ETF (ETHE) is an exchange-traded fund designed to provide exposure to Ether (ETH), with shares intended to reflect the value of the fund’s ETH holdings, minus fees and expenses. The fund may stake a portion of its Ether to seek additional returns through staking rewards, which can enhance total return but may also introduce additional risks and variability. ETHE is a commodity-based product and is not registered under the Investment Company Act of 1940.
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