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

Grayscale Ethereum Trust (ETH) (OTCMKTS:ETHE)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $15.15, but opened at $16.09. Grayscale Ethereum Trust (ETH) shares last traded at $16.24, with a volume of 1,316,212 shares.

Grayscale Ethereum Trust (ETH) Trading Up 11.7%

The stock has a 50-day simple moving average of $21.97 and a two-hundred day simple moving average of $28.42.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ETHE. Dunhill Financial LLC purchased a new stake in shares of Grayscale Ethereum Trust (ETH) in the 3rd quarter worth approximately $31,000. Ameritas Advisory Services LLC purchased a new stake in Grayscale Ethereum Trust (ETH) during the third quarter worth $34,000. Huntington National Bank boosted its position in Grayscale Ethereum Trust (ETH) by 100,000.0% during the 3rd quarter. Huntington National Bank now owns 1,001 shares of the company’s stock valued at $34,000 after acquiring an additional 1,000 shares in the last quarter. Ankerstar Wealth LLC purchased a new position in shares of Grayscale Ethereum Trust (ETH) in the 4th quarter valued at $25,000. Finally, Wilkerson Advisory Group LLC bought a new position in shares of Grayscale Ethereum Trust (ETH) in the 4th quarter worth $26,000.

Grayscale Ethereum Trust (ETH) Company 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.