iShares Ethereum Trust ETF (NASDAQ:ETHA) Shares Gap Up – What’s Next?

iShares Ethereum Trust ETF (NASDAQ:ETHA) shares gapped up before the market opened on Wednesday . The stock had previously closed at $14.03, but opened at $14.90. iShares Ethereum Trust ETF shares last traded at $15.05, with a volume of 12,470,959 shares trading hands.

iShares Ethereum Trust ETF Price Performance

The firm’s fifty day moving average is $20.29 and its two-hundred day moving average is $26.15.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ETHA. Private Wealth Management Group LLC bought a new stake in iShares Ethereum Trust ETF during the third quarter worth approximately $26,000. Atlantic Union Bankshares Corp bought a new position in iShares Ethereum Trust ETF during the 3rd quarter valued at $26,000. Activest Wealth Management increased its position in shares of iShares Ethereum Trust ETF by 252.7% during the 3rd quarter. Activest Wealth Management now owns 864 shares of the company’s stock valued at $27,000 after purchasing an additional 619 shares during the period. KERR FINANCIAL PLANNING Corp bought a new stake in shares of iShares Ethereum Trust ETF in the 3rd quarter worth $28,000. Finally, Princeton Global Asset Management LLC bought a new stake in shares of iShares Ethereum Trust ETF in the 3rd quarter worth $31,000.

About iShares Ethereum Trust ETF

The iShares Ethereum Trust ETF (ETHA) is an exchange-traded fund that mostly invests in long eth, short usd currency. The fund is a passively managed fund that seeks to track the spot price of Ether, less expenses and fees. ETHA was launched on Jul 24, 2024 and is issued by BlackRock.