Grayscale Ethereum Trust ETF (NYSEARCA:ETHE) Trading 3.4% Higher – Should You Buy?

Grayscale Ethereum Trust ETF (NYSEARCA:ETHEGet Free Report) traded up 3.4% during mid-day trading on Tuesday . The company traded as high as $25.59 and last traded at $25.49. 3,065,094 shares changed hands during mid-day trading, a decline of 43% from the average session volume of 5,405,410 shares. The stock had previously closed at $24.64.

Grayscale Ethereum Trust ETF Trading Up 5.0%

The stock has a market cap of $6.96 billion, a PE ratio of 2.06 and a beta of 4.48. The business has a 50 day moving average of $32.98 and a 200-day moving average of $28.66.

Grayscale Ethereum Trust ETF Company Profile

(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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