Grayscale Ethereum Mini Trust ETF $ETH Shares Bought by Verde Capital Management

Verde Capital Management raised its stake in Grayscale Ethereum Mini Trust ETF (NYSEARCA:ETH) by 79.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 178,118 shares of the company’s stock after buying an additional 78,826 shares during the period. Grayscale Ethereum Mini Trust ETF makes up approximately 0.8% of Verde Capital Management’s holdings, making the stock its 25th largest holding. Verde Capital Management owned about 0.21% of Grayscale Ethereum Mini Trust ETF worth $3,537,000 at the end of the most recent reporting period.

Separately, Freedom Financial Partners LLC grew its holdings in shares of Grayscale Ethereum Mini Trust ETF by 8.3% in the 1st quarter. Freedom Financial Partners LLC now owns 37,342 shares of the company’s stock worth $742,000 after acquiring an additional 2,870 shares during the period. 77.84% of the stock is currently owned by hedge funds and other institutional investors.

Grayscale Ethereum Mini Trust ETF Price Performance

NYSEARCA ETH opened at $16.47 on Tuesday. Grayscale Ethereum Mini Trust ETF has a 1-year low of $14.64 and a 1-year high of $45.78. The company has a market capitalization of $1.40 billion, a P/E ratio of 6.98 and a beta of 2.48. The business has a 50 day moving average price of $19.78 and a 200 day moving average price of $22.47.

Grayscale Ethereum Mini Trust ETF Company Profile

The Grayscale Ethereum Mini Trust ETF (ETH) is an exchange-traded fund that mostly invests in long eth, short usd currency. The fund is passively managed, offering exposure to the daily USD spot price of ether (ETH). An investment in the fund is not a direct investment in ether. ETH was launched on Apr 23, 2024 and is issued by Grayscale.