Shares of Grayscale Ethereum Mini Trust (NYSEARCA:ETH – Get Free Report) hit a new 52-week low during trading on Monday . The company traded as low as $14.01 and last traded at $14.06, with a volume of 492767 shares changing hands. The stock had previously closed at $17.05.
Grayscale Ethereum Mini Trust Price Performance
The company’s 50-day simple moving average is $21.24 and its two-hundred day simple moving average is $19.88. The firm has a market capitalization of $745.75 million and a P/E ratio of 7.20.
Grayscale Ethereum Mini Trust 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.
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