Grayscale Ethereum Trust (ETH) (OTCMKTS:ETHE) Shares Gap Up - What's Next?

Key Points

• Grayscale Ethereum Trust (ETH) shares experienced a significant **gap up**, opening at **$31.80** after previously closing at **$30.15**.
• Institutional investors have actively increased their stakes in Grayscale Ethereum Trust, with notable increases from firms such as **Cyndeo Wealth Partners LLC** and **Mainstay Capital Management LLC ADV** during the second quarter.
• The stock has shown an increase of **4.2%** and currently has a **50-day moving average** of **$22.85** and a **200-day moving average** of **$20.44**.

Grayscale Ethereum Trust (ETH) (OTCMKTS:ETHE - Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $30.15, but opened at $31.80. Grayscale Ethereum Trust (ETH) shares last traded at $31.76, with a volume of 1,360,464 shares.

Grayscale Ethereum Trust (ETH) Trading Down 0.7%

The company has a 50-day moving average price of $23.47 and a 200-day moving average price of $20.62.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. DRW Securities LLC boosted its holdings in shares of Grayscale Ethereum Trust (ETH) by 226.1% in the first quarter. DRW Securities LLC now owns 1,514,618 shares of the company's stock worth $23,052,000 after buying an additional 1,050,147 shares during the period. Envestnet Asset Management Inc. boosted its stake in Grayscale Ethereum Trust (ETH) by 33.2% in the 4th quarter. Envestnet Asset Management Inc. now owns 892,989 shares of the company's stock worth $25,022,000 after purchasing an additional 222,604 shares during the period. LPL Financial LLC grew its position in Grayscale Ethereum Trust (ETH) by 11.2% during the 4th quarter. LPL Financial LLC now owns 287,202 shares of the company's stock worth $8,047,000 after purchasing an additional 28,833 shares in the last quarter. Cresset Asset Management LLC raised its stake in 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 valued at $4,783,000 after purchasing an additional 3,315 shares during the period. Finally, Integrated Advisors Network LLC lifted its holdings in shares of Grayscale Ethereum Trust (ETH) by 138.9% in the first quarter. Integrated Advisors Network LLC now owns 170,164 shares of the company's stock valued at $2,590,000 after purchasing an additional 98,940 shares in the last quarter.

About Grayscale Ethereum Trust (ETH)

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.