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

Grayscale Ethereum Trust ETF (NYSEARCA:ETHEGet Free Report) shares gapped up before the market opened on Wednesday . The stock had previously closed at $26.20, but opened at $27.12. Grayscale Ethereum Trust ETF shares last traded at $27.42, with a volume of 1,511,380 shares.

Grayscale Ethereum Trust ETF Price Performance

The stock’s 50 day moving average is $25.27 and its two-hundred day moving average is $29.91. The stock has a market capitalization of $7.46 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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