Grayscale Ethereum Trust (ETH) $ETHE is DRW Securities LLC's 9th Largest Position

Key Points

• DRW Securities LLC has increased its stake in the Grayscale Ethereum Trust (ETH) by 226.1%, making it the 9th largest position in their portfolio with approximately $23 million invested.
• Other institutional investors, such as Cresset Asset Management and Integrated Advisors Network, have also recently raised their stakes in Grayscale Ethereum Trust (ETH), indicating increased investor interest in this cryptocurrency asset.
• The price of Grayscale Ethereum Trust (ETH) shares recently opened at $35.80, with a 12-month range between $12.10 and $40.13, reflecting significant price variability over the year.

DRW Securities LLC raised its position in shares of Grayscale Ethereum Trust (ETH) (OTCMKTS:ETHE - Free Report) by 226.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,514,618 shares of the company's stock after purchasing an additional 1,050,147 shares during the period. Grayscale Ethereum Trust (ETH) accounts for about 0.6% of DRW Securities LLC's investment portfolio, making the stock its 9th largest position. DRW Securities LLC owned approximately 1.11% of Grayscale Ethereum Trust (ETH) worth $23,052,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Cresset Asset Management LLC raised its stake in shares of Grayscale Ethereum Trust (ETH) by 2.0% during the 4th quarter. Cresset Asset Management LLC now owns 170,709 shares of the company's stock worth $4,783,000 after purchasing an additional 3,315 shares in the last quarter. Integrated Advisors Network LLC raised its stake in shares of Grayscale Ethereum Trust (ETH) by 138.9% in the 1st quarter. Integrated Advisors Network LLC now owns 170,164 shares of the company's stock valued at $2,590,000 after acquiring an additional 98,940 shares in the last quarter. Verde Capital Management bought a new position in shares of Grayscale Ethereum Trust (ETH) in the 1st quarter valued at approximately $2,473,000. Avantax Advisory Services Inc. raised its stake in shares of Grayscale Ethereum Trust (ETH) by 144.0% in the 1st quarter. Avantax Advisory Services Inc. now owns 72,900 shares of the company's stock valued at $1,110,000 after acquiring an additional 43,018 shares in the last quarter. Finally, Arkadios Wealth Advisors raised its stake in shares of Grayscale Ethereum Trust (ETH) by 3.3% in the 1st quarter. Arkadios Wealth Advisors now owns 48,633 shares of the company's stock valued at $740,000 after acquiring an additional 1,569 shares in the last quarter.

Grayscale Ethereum Trust (ETH) Price Performance

Shares of ETHE stock opened at $35.80 on Friday. The stock's 50 day simple moving average is $29.33 and its 200 day simple moving average is $21.98. Grayscale Ethereum Trust has a twelve month low of $12.10 and a twelve month high of $40.13.

Grayscale Ethereum Trust (ETH) Profile

crossword cybersecurity is a technology commercialisation company focusing exclusively on the cyber security sector. we work with research intensive european university partners to identify promising cyber security intellectual property ("ip"​) from research that our industry partners tell us meet emerging real-world challenges.

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