Grayscale Ethereum Trust (ETH) (OTCMKTS:ETHE) Shares Gap Down – Here’s Why

Shares of Grayscale Ethereum Trust (ETH) (OTCMKTS:ETHE) gapped down prior to trading on Tuesday . The stock had previously closed at $26.92, but opened at $25.06. Grayscale Ethereum Trust (ETH) shares last traded at $24.83, with a volume of 2,498,951 shares trading hands.

Grayscale Ethereum Trust (ETH) Price Performance

The company has a 50 day moving average price of $25.17 and a 200 day moving average price of $30.09.

Hedge Funds Weigh In On Grayscale Ethereum Trust (ETH)

A number of hedge funds and other institutional investors have recently bought and sold shares of ETHE. Stephen J. Garry & Associates LLC lifted its stake in shares of Grayscale Ethereum Trust (ETH) by 58.0% in the 4th quarter. Stephen J. Garry & Associates LLC now owns 10,219 shares of the company’s stock valued at $249,000 after purchasing an additional 3,750 shares during the period. Genesis Financial Group LLC bought a new position in Grayscale Ethereum Trust (ETH) during the fourth quarter worth about $1,046,000. Compagnie Lombard Odier SCmA increased its stake in shares of Grayscale Ethereum Trust (ETH) by 22.3% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 5,890 shares of the company’s stock valued at $144,000 after acquiring an additional 1,075 shares during the last quarter. Hartmann Taylor Wealth Management LLC acquired a new stake in shares of Grayscale Ethereum Trust (ETH) in the 4th quarter valued at approximately $317,000. Finally, Mirador Capital Partners LP boosted its stake in Grayscale Ethereum Trust (ETH) by 5.4% during the 4th quarter. Mirador Capital Partners LP now owns 13,669 shares of the company’s stock worth $333,000 after acquiring an additional 705 shares during the last quarter.

About Grayscale Ethereum Trust (ETH)

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.