Grayscale Ethereum Trust ETF (NYSEARCA:ETHE) Shares Gap Down – What’s Next?

Grayscale Ethereum Trust ETF (NYSEARCA:ETHE)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $26.92, but opened at $25.06. Grayscale Ethereum Trust ETF shares last traded at $24.87, with a volume of 2,854,775 shares changing hands.

Grayscale Ethereum Trust ETF Trading Down 3.1%

The firm has a market cap of $6.46 billion, a PE ratio of 2.06 and a beta of 4.48. The company has a 50 day moving average price of $24.99 and a 200 day moving average price of $30.03.

About Grayscale Ethereum Trust ETF

Grayscale Ethereum Staking ETF (ETHE) is an exchange-traded fund designed to provide exposure to Ether (ETH), with shares intended to reflect the value of the fund’s ETH holdings, minus fees and expenses. The fund may stake a portion of its Ether to seek additional returns through staking rewards, which can enhance total return but may also introduce additional risks and variability. ETHE is a commodity-based product and is not registered under the Investment Company Act of 1940.