iShares Ethereum Trust ETF (NASDAQ:ETHA) Shares Gap Down – Time to Sell?

iShares Ethereum Trust ETF (NASDAQ:ETHA)’s share price gapped down before the market opened on Monday . The stock had previously closed at $29.36, but opened at $28.15. iShares Ethereum Trust ETF shares last traded at $28.07, with a volume of 9,137,169 shares changing hands.

iShares Ethereum Trust ETF Trading Down 5.6%

The business has a fifty day moving average of $32.09 and a 200 day moving average of $25.34.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in ETHA. Private Wealth Management Group LLC purchased a new stake in shares of iShares Ethereum Trust ETF in the third quarter valued at approximately $26,000. Activest Wealth Management boosted its position in iShares Ethereum Trust ETF by 252.7% during the third quarter. Activest Wealth Management now owns 864 shares of the company’s stock worth $27,000 after purchasing an additional 619 shares in the last quarter. Princeton Global Asset Management LLC acquired a new position in shares of iShares Ethereum Trust ETF in the third quarter worth $31,000. Toth Financial Advisory Corp acquired a new position in shares of iShares Ethereum Trust ETF in the third quarter worth $32,000. Finally, Sound Income Strategies LLC acquired a new position in shares of iShares Ethereum Trust ETF in the third quarter worth $40,000.

About iShares Ethereum Trust ETF

The iShares Ethereum Trust ETF (ETHA) is an exchange-traded fund that mostly invests in long eth, short usd currency. The fund is a passively managed fund that seeks to track the spot price of Ether, less expenses and fees. ETHA was launched on Jul 24, 2024 and is issued by BlackRock.