WESPAC Advisors LLC Makes New $846,000 Investment in Grayscale Ethereum Trust (ETH) $ETHE

WESPAC Advisors LLC bought a new stake in Grayscale Ethereum Trust (ETH) (OTCMKTS:ETHE) during the third quarter, HoldingsChannel.com reports. The fund bought 24,679 shares of the company’s stock, valued at approximately $846,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. StoneX Group Inc. increased its holdings in Grayscale Ethereum Trust (ETH) by 510.5% in the 2nd quarter. StoneX Group Inc. now owns 134,015 shares of the company’s stock valued at $2,796,000 after purchasing an additional 112,063 shares in the last quarter. Global Retirement Partners LLC boosted its position in shares of Grayscale Ethereum Trust (ETH) by 234.9% in the third quarter. Global Retirement Partners LLC now owns 60,280 shares of the company’s stock worth $2,066,000 after buying an additional 42,279 shares during the period. Nwam LLC acquired a new stake in shares of Grayscale Ethereum Trust (ETH) in the second quarter valued at about $882,000. Simplicity Wealth LLC raised its holdings in shares of Grayscale Ethereum Trust (ETH) by 104.2% during the 2nd quarter. Simplicity Wealth LLC now owns 71,910 shares of the company’s stock valued at $1,500,000 after buying an additional 36,690 shares during the period. Finally, Evergreen Capital Management LLC lifted its position in Grayscale Ethereum Trust (ETH) by 309.3% during the 2nd quarter. Evergreen Capital Management LLC now owns 46,250 shares of the company’s stock worth $965,000 after acquiring an additional 34,950 shares in the last quarter.

Grayscale Ethereum Trust (ETH) Stock Performance

OTCMKTS ETHE opened at $26.20 on Wednesday. Grayscale Ethereum Trust has a fifty-two week low of $12.10 and a fifty-two week high of $40.13. The business has a 50 day moving average price of $25.27 and a two-hundred day moving average price of $29.91.

Grayscale Ethereum Trust (ETH) Company 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.