Grayscale Ethereum Trust (ETH) (OTCMKTS:ETHE) Shares Gap Down – Should You Sell?

Grayscale Ethereum Trust (ETH) (OTCMKTS:ETHE)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $21.84, but opened at $18.93. Grayscale Ethereum Trust (ETH) shares last traded at $19.36, with a volume of 5,869,183 shares.

Grayscale Ethereum Trust (ETH) Trading Down 12.2%

The company has a fifty day moving average price of $24.90 and a 200 day moving average price of $30.10.

Institutional Investors Weigh In On Grayscale Ethereum Trust (ETH)

Several hedge funds and other institutional investors have recently made changes to their positions in ETHE. PNC Financial Services Group Inc. lifted its position in Grayscale Ethereum Trust (ETH) by 86.7% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,225 shares of the company’s stock valued at $26,000 after acquiring an additional 569 shares in the last quarter. Nvwm LLC lifted its position in shares of Grayscale Ethereum Trust (ETH) by 500.0% during the fourth quarter. Nvwm LLC now owns 1,200 shares of the company’s stock valued at $29,000 after purchasing an additional 1,000 shares in the last quarter. Legacy Investment Solutions LLC purchased a new position in Grayscale Ethereum Trust (ETH) during the second quarter worth about $31,000. Dunhill Financial LLC bought a new stake in Grayscale Ethereum Trust (ETH) in the 3rd quarter worth about $31,000. Finally, Ameritas Advisory Services LLC purchased a new stake in shares of Grayscale Ethereum Trust (ETH) during the third quarter valued at approximately $34,000.

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.