Genesis Financial Group LLC Buys Shares of 42,905 Grayscale Ethereum Trust ETF $ETHE

Genesis Financial Group LLC bought a new position in Grayscale Ethereum Trust ETF (NYSEARCA:ETHE) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 42,905 shares of the company’s stock, valued at approximately $1,046,000.

Other large investors also recently made changes to their positions in the company. IMC Chicago LLC raised its holdings in shares of Grayscale Ethereum Trust ETF by 73,337.7% during the third quarter. IMC Chicago LLC now owns 202,136 shares of the company’s stock valued at $6,927,000 after buying an additional 202,412 shares during the last quarter. Jump Financial LLC bought a new position in Grayscale Ethereum Trust ETF in the 3rd quarter worth approximately $5,422,000. StoneX Group Inc. grew its holdings in Grayscale Ethereum Trust ETF by 510.5% in 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 in the last quarter. Newbridge Financial Services Group Inc. increased its position in Grayscale Ethereum Trust ETF by 3,753.6% in the 3rd quarter. Newbridge Financial Services Group Inc. now owns 98,922 shares of the company’s stock valued at $3,390,000 after acquiring an additional 96,355 shares during the period. Finally, Nwam LLC raised its stake in Grayscale Ethereum Trust ETF by 128.6% during the 3rd quarter. Nwam LLC now owns 96,624 shares of the company’s stock valued at $3,020,000 after acquiring an additional 54,359 shares in the last quarter.

Grayscale Ethereum Trust ETF Price Performance

Shares of Grayscale Ethereum Trust ETF stock opened at $16.80 on Friday. Grayscale Ethereum Trust ETF has a 1-year low of $12.10 and a 1-year high of $40.13. The business’s fifty day moving average price is $17.64 and its two-hundred day moving average price is $24.89. The company has a market capitalization of $1.77 billion, a P/E ratio of 2.06 and a beta of 4.48.

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.