Grayscale Ethereum Trust (ETH) (OTCMKTS:ETHE) Shares Gap Down – Here’s What Happened

Shares of Grayscale Ethereum Trust (ETH) (OTCMKTS:ETHE) gapped down before the market opened on Tuesday . The stock had previously closed at $26.92, but opened at $25.06. Grayscale Ethereum Trust (ETH) shares last traded at $24.83, with a volume of 2,498,951 shares.

Grayscale Ethereum Trust (ETH) Price Performance

The stock has a fifty day moving average of $24.99 and a two-hundred day moving average of $30.03.

Institutional Trading of Grayscale Ethereum Trust (ETH)

Institutional investors and hedge funds have recently bought and sold shares of the business. IMC Chicago LLC lifted its position in Grayscale Ethereum Trust (ETH) by 73,337.7% during the third quarter. IMC Chicago LLC now owns 202,136 shares of the company’s stock valued at $6,927,000 after buying an additional 202,412 shares in the last quarter. Jump Financial LLC purchased a new position in shares of Grayscale Ethereum Trust (ETH) in the 3rd quarter valued at $5,422,000. StoneX Group Inc. lifted its holdings in shares of Grayscale Ethereum Trust (ETH) by 510.5% during the 2nd quarter. StoneX Group Inc. now owns 134,015 shares of the company’s stock valued at $2,796,000 after acquiring an additional 112,063 shares in the last quarter. Newbridge Financial Services Group Inc. boosted its position in Grayscale Ethereum Trust (ETH) by 3,753.6% during the 3rd quarter. Newbridge Financial Services Group Inc. now owns 98,922 shares of the company’s stock worth $3,390,000 after purchasing an additional 96,355 shares during the period. Finally, Nwam LLC increased its holdings in Grayscale Ethereum Trust (ETH) by 128.6% in the 3rd quarter. Nwam LLC now owns 96,624 shares of the company’s stock valued at $3,020,000 after purchasing an additional 54,359 shares in the last quarter.

About Grayscale Ethereum Trust (ETH)

Grayscale Ethereum Trust (OTCMKTS: ETHE) is a publicly quoted investment vehicle that offers investors exposure to the price movement of Ethereum through a traditional security. The trust holds Ethereum (“ETH”) as its sole underlying asset and issues shares that trade over the counter in U.S. dollars. By packaging ether into a familiar trust structure, ETHE is designed to simplify the process of gaining exposure to digital assets without the need for personal wallets, private keys, or direct interactions with cryptocurrency exchanges.

As a decentralized asset held in trust, ETHE provides daily transparent reporting of its assets under management, net asset value per share and the trust’s Ethereum holdings.