Grayscale Ethereum Mini Trust (NYSEARCA:ETH) Hits New 12-Month Low – What’s Next?

Grayscale Ethereum Mini Trust (NYSEARCA:ETHGet Free Report) reached a new 52-week low on Monday . The stock traded as low as $14.01 and last traded at $14.06, with a volume of 492767 shares trading hands. The stock had previously closed at $17.05.

Grayscale Ethereum Mini Trust Trading Down 14.5 %

The stock has a market capitalization of $703.73 million and a PE ratio of 7.20. The stock has a 50 day moving average price of $22.17 and a 200-day moving average price of $19.76.

About Grayscale Ethereum Mini Trust

(Get Free Report)

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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