Grayscale Ethereum Trust ETF (NYSEARCA:ETHE – Get Free Report) shares gapped up before the market opened on Thursday . The stock had previously closed at $16.93, but opened at $18.41. Grayscale Ethereum Trust ETF shares last traded at $18.34, with a volume of 1,629,197 shares.
Grayscale Ethereum Trust ETF Trading Up 8.3%
The company has a market cap of $1.84 billion, a P/E ratio of 2.06 and a beta of 2.47. The business has a 50 day moving average price of $14.60 and a 200-day moving average price of $16.28.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the business. Aurora Private Wealth Inc. bought a new position in shares of Grayscale Ethereum Trust ETF in the fourth quarter valued at about $859,000. Halter Ferguson Financial Inc. bought a new stake in shares of Grayscale Ethereum Trust ETF in the fourth quarter valued at approximately $1,837,000. Integrated Advisors Network LLC grew its holdings in shares of Grayscale Ethereum Trust ETF by 142.7% during the 1st quarter. Integrated Advisors Network LLC now owns 358,249 shares of the company’s stock worth $6,115,000 after purchasing an additional 210,612 shares in the last quarter. Surience Private Wealth LLC acquired a new stake in Grayscale Ethereum Trust ETF during the first quarter worth about $1,109,000. Finally, Aristides Capital LLC bought a new stake in Grayscale Ethereum Trust ETF during the fourth quarter worth $1,096,000.
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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