Grayscale Ethereum Classic Trust (ETC) (OTCMKTS:ETCG) Stock Price Down 2.7% – Should You Sell?

Grayscale Ethereum Classic Trust (ETC) (OTCMKTS:ETCG) shares were down 2.7% during trading on Thursday . The company traded as low as $7.09 and last traded at $7.10. Approximately 15,223 shares were traded during trading, a decline of 19% from the average daily volume of 18,702 shares. The stock had previously closed at $7.30.

Grayscale Ethereum Classic Trust (ETC) Trading Down 2.7%

The stock has a 50 day moving average of $7.35 and a 200-day moving average of $9.07.

About Grayscale Ethereum Classic Trust (ETC)

Grayscale Ethereum Classic Trust (OTCMKTS: ETCG) is a digital currency investment vehicle that provides investors with a convenient and regulated means of gaining exposure to Ethereum Classic (ETC) without the need for direct purchase, storage, or management of the cryptocurrency. The trust holds ETC in cold storage, and each share issued by the trust represents a fractional interest in those holdings. Shares are quoted on the OTCQX market, allowing U.S. and international investors to buy and sell through conventional brokerage accounts.

Launched by Grayscale Investments—an affiliate of Digital Currency Group—the Ethereum Classic Trust first commenced operations in late 2017.