Grayscale Ethereum Trust ETF (NYSEARCA:ETHE) Shares Down 1.1% – Time to Sell?

Grayscale Ethereum Trust ETF (NYSEARCA:ETHEGet Free Report)’s share price fell 1.1% during trading on Friday . The company traded as low as $24.97 and last traded at $25.10. 5,805,887 shares changed hands during mid-day trading, a decline of 24% from the average session volume of 7,652,657 shares. The stock had previously closed at $25.37.

Grayscale Ethereum Trust ETF Stock Down 1.1%

The stock has a fifty day moving average of $25.35 and a 200-day moving average of $29.70. The firm has a market capitalization of $6.75 billion, a P/E ratio of 2.06 and a beta of 4.48.

About Grayscale Ethereum Trust ETF

(Get Free Report)

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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