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

Grayscale Ethereum Trust ETF (NYSEARCA:ETHEGet Free Report) shares gapped down prior to trading on Thursday . The stock had previously closed at $27.54, but opened at $26.14. Grayscale Ethereum Trust ETF shares last traded at $26.12, with a volume of 2,086,389 shares traded.

Grayscale Ethereum Trust ETF Stock Down 4.5%

The stock has a market capitalization of $7.08 billion, a P/E ratio of 2.06 and a beta of 4.48. The stock’s 50 day moving average price is $29.36 and its 200-day moving average price is $29.25.

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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