Grayscale Ethereum Trust ETF (NYSEARCA:ETHE) Shares Gap Up – Here’s What Happened

Grayscale Ethereum Trust ETF (NYSEARCA:ETHE)’s share price gapped up before the market opened on Monday . The stock had previously closed at $13.47, but opened at $14.71. Grayscale Ethereum Trust ETF shares last traded at $14.67, with a volume of 678,871 shares.

Grayscale Ethereum Trust ETF Stock Down 1.4%

The stock has a market capitalization of $1.53 billion, a PE ratio of 2.06 and a beta of 2.46. The firm’s fifty day moving average is $17.18 and its 200-day moving average is $19.64.

Hedge Funds Weigh In On Grayscale Ethereum Trust ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Ankerstar Wealth LLC acquired a new stake in shares of Grayscale Ethereum Trust ETF in the 4th quarter valued at approximately $25,000. Wilkerson Advisory Group LLC acquired a new position in Grayscale Ethereum Trust ETF during the fourth quarter worth $26,000. Nvwm LLC raised its position in Grayscale Ethereum Trust ETF by 500.0% in the fourth quarter. Nvwm LLC now owns 1,200 shares of the company’s stock worth $29,000 after acquiring an additional 1,000 shares in the last quarter. Dunhill Financial LLC purchased a new position in Grayscale Ethereum Trust ETF in the third quarter worth $31,000. Finally, Ameritas Advisory Services LLC acquired a new stake in Grayscale Ethereum Trust ETF in the third quarter valued at $34,000.

About Grayscale Ethereum Trust ETF

Grayscale Ethereum Staking ETF (ETHE) is an exchange-traded fund designed to provide exposure to Ether (ETH), with shares intended to reflect the value of the fund’s ETH holdings, minus fees and expenses. The fund may stake a portion of its Ether to seek additional returns through staking rewards, which can enhance total return but may also introduce additional risks and variability. ETHE is a commodity-based product and is not registered under the Investment Company Act of 1940.