iShares Ethereum Trust ETF (NASDAQ:ETHA) Sets New 1-Year Low – Here’s What Happened

Shares of iShares Ethereum Trust ETF (NASDAQ:ETHA) hit a new 52-week low on Saturday . The stock traded as low as $11.62 and last traded at $11.87, with a volume of 82391857 shares. The stock had previously closed at $13.39.

iShares Ethereum Trust ETF Trading Down 11.4%

The company’s fifty day simple moving average is $16.39 and its two-hundred day simple moving average is $18.68.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ETHA. Farallon Capital Management LLC acquired a new position in iShares Ethereum Trust ETF during the 3rd quarter worth $234,773,000. Schonfeld Strategic Advisors LLC grew its holdings in iShares Ethereum Trust ETF by 141.9% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 10,712,591 shares of the company’s stock worth $337,554,000 after acquiring an additional 6,283,778 shares in the last quarter. Harvard Management Co. Inc. acquired a new position in iShares Ethereum Trust ETF during the 4th quarter worth $86,824,000. Capula Management Ltd grew its holdings in iShares Ethereum Trust ETF by 65.6% during the 3rd quarter. Capula Management Ltd now owns 8,868,485 shares of the company’s stock worth $279,446,000 after acquiring an additional 3,513,685 shares in the last quarter. Finally, Macquarie Group Ltd. grew its holdings in iShares Ethereum Trust ETF by 182.4% during the 4th quarter. Macquarie Group Ltd. now owns 3,633,670 shares of the company’s stock worth $81,503,000 after acquiring an additional 2,347,070 shares in the last quarter.

About iShares Ethereum Trust ETF

The iShares Ethereum Trust ETF (ETHA) is an exchange-traded fund that mostly invests in long eth, short usd currency. The fund is a passively managed fund that seeks to track the spot price of Ether, less expenses and fees. ETHA was launched on Jul 24, 2024 and is issued by BlackRock.