Grayscale Ethereum Mini Trust (NYSEARCA:ETH) Shares Gap Up – Still a Buy?

Shares of Grayscale Ethereum Mini Trust (NYSEARCA:ETHGet Free Report) gapped up before the market opened on Monday . The stock had previously closed at $20.92, but opened at $22.26. Grayscale Ethereum Mini Trust shares last traded at $21.52, with a volume of 802,332 shares trading hands.

Grayscale Ethereum Mini Trust Stock Down 0.5 %

The firm has a market cap of $1.05 billion and a PE ratio of 8.84. The company’s 50 day moving average price is $28.76 and its two-hundred day moving average price is $16.89.

Grayscale Ethereum Mini Trust Company Profile

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Grayscale Ethereum Mini Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grayscale Ethereum Mini Trust and related companies with MarketBeat.com's FREE daily email newsletter.