Grayscale Ethereum Trust (ETH) (OTCMKTS:ETHE) Shares Gap Down - Here's Why

Key Points

• Grayscale Ethereum Trust (ETH) shares gapped down from $38.53 to open at $37.32, with a last traded price of $37.15, reflecting a decline of 3.9%.
• Institutional investors have significantly increased their holdings, with DRW Securities LLC growing its stake by 226.1% in the first quarter.
• The fifty-day moving average price for Grayscale Ethereum Trust (ETH) is $32.44, indicating possible upward momentum in trading activity.

Grayscale Ethereum Trust (ETH) (OTCMKTS:ETHE - )'s stock price gapped down before the market opened on Monday . The stock had previously closed at $38.53, but opened at $37.32. Grayscale Ethereum Trust (ETH) shares last traded at $37.15, with a volume of 963,916 shares traded.

Grayscale Ethereum Trust (ETH) Trading Down 3.9%

The company has a fifty day moving average price of $32.44 and a two-hundred day moving average price of $22.98.

Institutional Trading of Grayscale Ethereum Trust (ETH)

Several institutional investors have recently modified their holdings of the company. DRW Securities LLC grew its holdings in shares of Grayscale Ethereum Trust (ETH) by 226.1% during the 1st quarter. DRW Securities LLC now owns 1,514,618 shares of the company's stock worth $23,052,000 after purchasing an additional 1,050,147 shares in the last quarter. Integrated Advisors Network LLC boosted its stake in 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 buying an additional 98,940 shares in the last quarter. Verde Capital Management acquired a new stake in Grayscale Ethereum Trust (ETH) in the 1st quarter valued at $2,473,000. StoneX Group Inc. boosted its stake in Grayscale Ethereum Trust (ETH) by 510.5% in the 2nd quarter. StoneX Group Inc. now owns 134,015 shares of the company's stock valued at $2,796,000 after buying an additional 112,063 shares in the last quarter. Finally, Focus Partners Wealth boosted its stake in Grayscale Ethereum Trust (ETH) by 11.0% in the 1st quarter. Focus Partners Wealth now owns 117,089 shares of the company's stock valued at $1,782,000 after buying an additional 11,612 shares in the last quarter.

Grayscale Ethereum Trust (ETH) Company 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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