Synovus Financial Corp Purchases 52,593 Shares of Grayscale Ethereum Trust (ETH) $ETHE

Synovus Financial Corp boosted its position in Grayscale Ethereum Trust (ETH) (OTCMKTS:ETHE) by 112.0% during the 3rd quarter, Holdings Channel.com reports. The fund owned 99,549 shares of the company’s stock after buying an additional 52,593 shares during the quarter. Synovus Financial Corp’s holdings in Grayscale Ethereum Trust (ETH) were worth $3,412,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ETHE. IMC Chicago LLC boosted its stake in shares of Grayscale Ethereum Trust (ETH) by 73,337.7% in the 3rd quarter. IMC Chicago LLC now owns 202,136 shares of the company’s stock valued at $6,927,000 after purchasing an additional 202,412 shares during the last quarter. StoneX Group Inc. grew its position in shares of Grayscale Ethereum Trust (ETH) by 510.5% during the 2nd quarter. StoneX Group Inc. now owns 134,015 shares of the company’s stock worth $2,796,000 after buying an additional 112,063 shares during the period. Nwam LLC grew its holdings in Grayscale Ethereum Trust (ETH) by 128.6% during the third quarter. Nwam LLC now owns 96,624 shares of the company’s stock valued at $3,020,000 after purchasing an additional 54,359 shares during the period. Global Retirement Partners LLC increased its position in shares of Grayscale Ethereum Trust (ETH) by 234.9% in the 3rd quarter. Global Retirement Partners LLC now owns 60,280 shares of the company’s stock valued at $2,066,000 after buying an additional 42,279 shares in the last quarter. Finally, Evergreen Capital Management LLC raised its stake in Grayscale Ethereum Trust (ETH) by 309.3% during the 2nd quarter. Evergreen Capital Management LLC now owns 46,250 shares of the company’s stock worth $965,000 after buying an additional 34,950 shares during the period.

Grayscale Ethereum Trust (ETH) Price Performance

OTCMKTS:ETHE opened at $16.08 on Friday. The stock has a 50-day moving average price of $22.33 and a two-hundred day moving average price of $28.68. Grayscale Ethereum Trust has a 1 year low of $12.10 and a 1 year high of $40.13.

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.