Grayscale Ethereum Trust (NYSEARCA:ETHE – Get Free Report) shares gapped up prior to trading on Wednesday . The stock had previously closed at $15.88, but opened at $16.76. Grayscale Ethereum Trust shares last traded at $16.80, with a volume of 649,613 shares.
Grayscale Ethereum Trust Trading Up 6.7 %
The stock has a market cap of $2.58 billion, a price-to-earnings ratio of 2.19 and a beta of 3.40. The company has a fifty day simple moving average of $22.65 and a 200-day simple moving average of $24.15.
Grayscale Ethereum Trust Company Profile
The Grayscale Ethereum Trust ETF (ETHE) 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. ETHE was launched on Dec 14, 2017 and is issued by Grayscale.
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