iShares Ethereum Trust ETF (NASDAQ:ETHA) Shares Gap Up – What’s Next?

iShares Ethereum Trust ETF (NASDAQ:ETHA)’s share price gapped up before the market opened on Friday . The stock had previously closed at $19.16, but opened at $19.69. iShares Ethereum Trust ETF shares last traded at $19.69, with a volume of 2,003,862 shares traded.

iShares Ethereum Trust ETF Trading Up 2.6%

The stock has a fifty day simple moving average of $14.24 and a two-hundred day simple moving average of $20.30.

Institutional Trading of iShares Ethereum Trust ETF

A number of large investors have recently bought and sold shares of the business. Millennium Management LLC grew its holdings in iShares Ethereum Trust ETF by 156.2% during the 4th quarter. Millennium Management LLC now owns 4,165,254 shares of the company’s stock worth $105,339,000 after acquiring an additional 2,539,619 shares during the period. Brevan Howard Capital Management LP acquired a new stake in iShares Ethereum Trust ETF during the 4th quarter worth about $94,155,000. D. E. Shaw & Co. Inc. acquired a new stake in iShares Ethereum Trust ETF during the 4th quarter worth about $85,177,000. Jane Street Group LLC grew its holdings in iShares Ethereum Trust ETF by 963.1% during the 1st quarter. Jane Street Group LLC now owns 3,052,081 shares of the company’s stock worth $42,180,000 after acquiring an additional 2,764,987 shares during the period. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in iShares Ethereum Trust ETF during the 4th quarter worth about $65,632,000.

iShares Ethereum Trust ETF Company Profile

The iShares Ethereum Trust ETF (ETHA) is an exchange-traded fund that mostly invests in long eth, short usd currency. The fund is a passively managed fund that seeks to track the spot price of Ether, less expenses and fees. ETHA was launched on Jul 24, 2024 and is issued by BlackRock.