Grayscale Ethereum Trust ETF (NYSEARCA:ETHE) Shares Up 7.5% – Here’s Why

Grayscale Ethereum Trust ETF (NYSEARCA:ETHEGet Free Report) shares traded up 7.5% during mid-day trading on Tuesday . The company traded as high as $27.74 and last traded at $27.70. 5,735,105 shares traded hands during trading, an increase of 3% from the average session volume of 5,570,353 shares. The stock had previously closed at $25.76.

Grayscale Ethereum Trust ETF Price Performance

The business has a 50 day simple moving average of $29.14 and a 200 day simple moving average of $29.23. The stock has a market cap of $7.12 billion, a PE ratio of 2.06 and a beta of 4.48.

Grayscale Ethereum Trust ETF Company Profile

(Get Free Report)

The Grayscale Ethereum Trust ETF (ETHE) 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. ETHE was launched on Dec 14, 2017 and is issued by Grayscale.

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