Grayscale Ethereum Mini Trust ETF Target of Unusually Large Options Trading (NYSEARCA:ETH)

Grayscale Ethereum Mini Trust ETF (NYSEARCA:ETH) was the target of unusually large options trading activity on Thursday. Traders acquired 18,804 call options on the company. This is an increase of 1,011% compared to the typical daily volume of 1,692 call options.

Grayscale Ethereum Mini Trust ETF Stock Performance

Shares of NYSEARCA:ETH traded up $1.67 during midday trading on Thursday, hitting $21.74. 2,176,961 shares of the stock were exchanged, compared to its average volume of 5,021,442. The company has a market capitalization of $2.08 billion, a PE ratio of 9.21 and a beta of 2.48. Grayscale Ethereum Mini Trust ETF has a 52-week low of $14.53 and a 52-week high of $45.78. The business’s fifty day simple moving average is $17.22 and its two-hundred day simple moving average is $19.06.

Institutional Investors Weigh In On Grayscale Ethereum Mini Trust ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in ETH. Compass Financial Management LLC bought a new stake in shares of Grayscale Ethereum Mini Trust ETF in the 2nd quarter valued at approximately $2,931,000. Verde Capital Management raised its position in Grayscale Ethereum Mini Trust ETF by 79.4% during the first quarter. Verde Capital Management now owns 178,118 shares of the company’s stock valued at $3,537,000 after acquiring an additional 78,826 shares in the last quarter. Graetz Wealth LLC acquired a new stake in Grayscale Ethereum Mini Trust ETF in the first quarter valued at approximately $1,334,000. Integrity Wealth Partners LLC acquired a new stake in Grayscale Ethereum Mini Trust ETF in the first quarter valued at approximately $707,000. Finally, Miller Global Investments LLC grew its position in Grayscale Ethereum Mini Trust ETF by 285.0% in the second quarter. Miller Global Investments LLC now owns 37,972 shares of the company’s stock worth $571,000 after acquiring an additional 28,109 shares in the last quarter. 77.84% of the stock is owned by hedge funds and other institutional investors.

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.