Rye Brook Capital LLC Has $5 Million Stake in Grayscale Ethereum Trust (ETH) $ETHE

Rye Brook Capital LLC trimmed its position in shares of Grayscale Ethereum Trust (ETH) (OTCMKTS:ETHE) by 42.0% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 145,750 shares of the company’s stock after selling 105,550 shares during the quarter. Grayscale Ethereum Trust (ETH) comprises about 2.6% of Rye Brook Capital LLC’s investment portfolio, making the stock its 7th largest holding. Rye Brook Capital LLC’s holdings in Grayscale Ethereum Trust (ETH) were worth $4,995,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of ETHE. PNC Financial Services Group Inc. raised its stake in shares of 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 worth $26,000 after acquiring an additional 569 shares in the last quarter. Legacy Investment Solutions LLC acquired a new stake in Grayscale Ethereum Trust (ETH) in the second quarter valued at approximately $31,000. Cooksen Wealth LLC purchased a new position in Grayscale Ethereum Trust (ETH) in the second quarter worth $41,000. Total Investment Management Inc. acquired a new position in shares of Grayscale Ethereum Trust (ETH) during the second quarter worth $48,000. Finally, Financial Management Professionals Inc. increased its position in shares of Grayscale Ethereum Trust (ETH) by 135.2% during the third quarter. Financial Management Professionals Inc. now owns 1,430 shares of the company’s stock worth $49,000 after purchasing an additional 822 shares in the last quarter.

Grayscale Ethereum Trust (ETH) Price Performance

Grayscale Ethereum Trust (ETH) stock opened at $24.37 on Friday. Grayscale Ethereum Trust has a 1-year low of $12.10 and a 1-year high of $40.13. The business has a fifty day moving average price of $26.14 and a 200-day moving average price of $29.48.

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.