Grayscale Ethereum Trust (ETH) (OTCMKTS:ETHE) Shares Gap Up – Time to Buy?

Shares of Grayscale Ethereum Trust (ETH) (OTCMKTS:ETHE) gapped up before the market opened on Friday . The stock had previously closed at $22.81, but opened at $24.29. Grayscale Ethereum Trust (ETH) shares last traded at $24.51, with a volume of 1,421,380 shares traded.

Grayscale Ethereum Trust (ETH) Stock Up 7.7%

The business’s 50 day moving average is $27.65 and its 200-day moving average is $29.38.

Institutional Investors Weigh In On Grayscale Ethereum Trust (ETH)

A number of institutional investors have recently modified their holdings of the stock. Brown Advisory Inc. lifted its holdings in Grayscale Ethereum Trust (ETH) by 2.3% during the 2nd quarter. Brown Advisory Inc. now owns 18,833 shares of the company’s stock worth $393,000 after buying an additional 417 shares during the last quarter. North Star Investment Management Corp. raised its position in shares of Grayscale Ethereum Trust (ETH) by 10.0% during the 3rd quarter. North Star Investment Management Corp. now owns 5,222 shares of the company’s stock valued at $179,000 after acquiring an additional 473 shares in the last quarter. Integrated Wealth Concepts LLC lifted its stake in Grayscale Ethereum Trust (ETH) by 2.5% during the third quarter. Integrated Wealth Concepts LLC now owns 19,794 shares of the company’s stock worth $678,000 after purchasing an additional 481 shares during the last quarter. Ancora Advisors LLC boosted its holdings in Grayscale Ethereum Trust (ETH) by 3.9% in the first quarter. Ancora Advisors LLC now owns 13,138 shares of the company’s stock worth $200,000 after purchasing an additional 490 shares during the period. Finally, Rothschild Investment LLC increased its stake in Grayscale Ethereum Trust (ETH) by 2.0% during the third quarter. Rothschild Investment LLC now owns 25,784 shares of the company’s stock valued at $884,000 after purchasing an additional 500 shares during the last quarter.

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.