Grayscale Ethereum Mini Trust (NYSEARCA:ETH – Get Free Report) was up 10.6% during trading on Friday . The stock traded as high as $22.11 and last traded at $22.07. Approximately 208,972 shares changed hands during mid-day trading, a decline of 88% from the average daily volume of 1,724,876 shares. The stock had previously closed at $19.95.
Grayscale Ethereum Mini Trust Price Performance
The company has a market capitalization of $1.10 billion and a price-to-earnings ratio of 6.78. The business has a fifty day moving average price of $17.25 and a 200 day moving average price of $22.10.
About Grayscale Ethereum Mini Trust
The Grayscale Ethereum Mini Trust ETF (ETH) 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. ETH was launched on Apr 23, 2024 and is issued by Grayscale.
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