Simplicity Wealth LLC Decreases Stake in Grayscale Ethereum Trust (ETH) $ETHE

Simplicity Wealth LLC decreased its holdings in shares of Grayscale Ethereum Trust (ETH) (OTCMKTS:ETHE) by 46.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,291 shares of the company’s stock after selling 33,619 shares during the quarter. Simplicity Wealth LLC’s holdings in Grayscale Ethereum Trust (ETH) were worth $1,312,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of ETHE. PNC Financial Services Group Inc. boosted its position in Grayscale Ethereum Trust (ETH) by 86.7% during the second quarter. PNC Financial Services Group Inc. now owns 1,225 shares of the company’s stock worth $26,000 after acquiring an additional 569 shares during the last quarter. Legacy Investment Solutions LLC acquired a new stake in Grayscale Ethereum Trust (ETH) in the 2nd quarter valued at about $31,000. Fairway Wealth LLC lifted its stake in Grayscale Ethereum Trust (ETH) by 180.3% in the 3rd quarter. Fairway Wealth LLC now owns 1,121 shares of the company’s stock worth $38,000 after purchasing an additional 721 shares in the last quarter. Cooksen Wealth LLC acquired a new position in shares of Grayscale Ethereum Trust (ETH) during the 2nd quarter worth approximately $41,000. Finally, Quent Capital LLC purchased a new stake in shares of Grayscale Ethereum Trust (ETH) in the third quarter valued at approximately $46,000.

Grayscale Ethereum Trust (ETH) Stock Up 0.1%

OTCMKTS:ETHE opened at $24.02 on Friday. Grayscale Ethereum Trust has a one year low of $12.10 and a one year high of $40.13. The stock has a 50 day moving average price of $24.96 and a 200 day moving average price of $30.05.

Grayscale Ethereum Trust (ETH) Company Profile

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.