Simplicity Wealth LLC Lowers Position in Grayscale Ethereum Trust (ETH) $ETHE

Simplicity Wealth LLC decreased its position in shares of Grayscale Ethereum Trust (ETH) (OTCMKTS:ETHE) by 46.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,291 shares of the company’s stock after selling 33,619 shares during the quarter. Simplicity Wealth LLC’s holdings in Grayscale Ethereum Trust (ETH) were worth $1,312,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Fairway Wealth LLC grew its position in Grayscale Ethereum Trust (ETH) by 180.3% during the third quarter. Fairway Wealth LLC now owns 1,121 shares of the company’s stock valued at $38,000 after buying an additional 721 shares during the period. PNC Financial Services Group Inc. raised its position in shares of Grayscale Ethereum Trust (ETH) by 86.7% in the second quarter. PNC Financial Services Group Inc. now owns 1,225 shares of the company’s stock worth $26,000 after acquiring an additional 569 shares during the period. Quent Capital LLC purchased a new stake in shares of Grayscale Ethereum Trust (ETH) during the 3rd quarter worth about $46,000. Financial Management Professionals Inc. grew its position in shares of Grayscale Ethereum Trust (ETH) by 135.2% during the 3rd quarter. Financial Management Professionals Inc. now owns 1,430 shares of the company’s stock valued at $49,000 after acquiring an additional 822 shares during the period. Finally, Legacy Investment Solutions LLC purchased a new position in shares of Grayscale Ethereum Trust (ETH) in the 2nd quarter valued at about $31,000.

Grayscale Ethereum Trust (ETH) Stock Up 0.1%

OTCMKTS ETHE opened at $24.02 on Friday. The stock has a 50-day moving average of $24.96 and a 200 day moving average of $30.05. Grayscale Ethereum Trust has a twelve month low of $12.10 and a twelve month high of $40.13.

Grayscale Ethereum Trust (ETH) Company Profile

Grayscale Ethereum Trust (OTCMKTS: ETHE) is a publicly quoted investment vehicle that offers investors exposure to the price movement of Ethereum through a traditional security. The trust holds Ethereum (“ETH”) as its sole underlying asset and issues shares that trade over the counter in U.S. dollars. By packaging ether into a familiar trust structure, ETHE is designed to simplify the process of gaining exposure to digital assets without the need for personal wallets, private keys, or direct interactions with cryptocurrency exchanges.

As a decentralized asset held in trust, ETHE provides daily transparent reporting of its assets under management, net asset value per share and the trust’s Ethereum holdings.