Grayscale Ethereum Mini Trust ETF (NYSEARCA:ETH – Get Free Report) fell 7.5% during mid-day trading on Wednesday . The stock traded as low as $27.30 and last traded at $27.1920. 7,420,968 shares traded hands during mid-day trading, an increase of 102% from the average session volume of 3,667,640 shares. The stock had previously closed at $29.41.
Grayscale Ethereum Mini Trust ETF Price Performance
The business’s fifty day moving average price is $36.62 and its 200-day moving average price is $32.77. The stock has a market capitalization of $1.95 billion, a price-to-earnings ratio of 10.94 and a beta of 4.50.
About Grayscale Ethereum Mini Trust ETF
The Grayscale Ethereum Mini Trust ETF (ETH) 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. ETH was launched on Apr 23, 2024 and is issued by Grayscale.
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