Synovus Financial Corp Has $3.41 Million Holdings in Grayscale Ethereum Trust (ETH) $ETHE

Synovus Financial Corp boosted its stake in Grayscale Ethereum Trust (ETH) (OTCMKTS:ETHE) by 112.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,549 shares of the company’s stock after buying an additional 52,593 shares during the quarter. Synovus Financial Corp’s holdings in Grayscale Ethereum Trust (ETH) were worth $3,412,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in ETHE. PNC Financial Services Group Inc. lifted its holdings in Grayscale Ethereum Trust (ETH) by 86.7% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,225 shares of the company’s stock valued at $26,000 after purchasing an additional 569 shares during the last quarter. Legacy Investment Solutions LLC bought a new position in shares of Grayscale Ethereum Trust (ETH) in the second quarter valued at approximately $31,000. Ameritas Advisory Services LLC acquired a new position in shares of Grayscale Ethereum Trust (ETH) in the 3rd quarter worth approximately $34,000. Fairway Wealth LLC grew its position in Grayscale Ethereum Trust (ETH) by 180.3% during the 3rd quarter. Fairway Wealth LLC now owns 1,121 shares of the company’s stock worth $38,000 after acquiring an additional 721 shares during the last quarter. Finally, Cooksen Wealth LLC acquired a new stake in Grayscale Ethereum Trust (ETH) during the 2nd quarter valued at $41,000.

Grayscale Ethereum Trust (ETH) Trading Up 1.2%

Shares of ETHE opened at $16.08 on Friday. Grayscale Ethereum Trust has a 52-week low of $12.10 and a 52-week high of $40.13. The stock has a fifty day moving average price of $22.33 and a two-hundred day moving average price of $28.68.

Grayscale Ethereum Trust (ETH) Profile

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.