Galaxy Digital Inc. Invests $12.96 Million in iShares Ethereum Trust ETF $ETHA

Galaxy Digital Inc. purchased a new position in shares of iShares Ethereum Trust ETF (NASDAQ:ETHA) in the 1st quarter, HoldingsChannel.com reports. The firm purchased 818,390 shares of the company’s stock, valued at approximately $12,955,000. iShares Ethereum Trust ETF makes up 1.1% of Galaxy Digital Inc.’s holdings, making the stock its 11th largest position.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ETHA. Renaissance Technologies LLC purchased a new stake in iShares Ethereum Trust ETF during the first quarter worth about $242,000. Cetera Investment Advisers boosted its stake in shares of iShares Ethereum Trust ETF by 86.1% in the first quarter. Cetera Investment Advisers now owns 569,924 shares of the company’s stock valued at $9,022,000 after purchasing an additional 263,629 shares during the period. NewEdge Wealth LLC grew its holdings in shares of iShares Ethereum Trust ETF by 11.0% in the first quarter. NewEdge Wealth LLC now owns 60,125 shares of the company’s stock valued at $952,000 after purchasing an additional 5,950 shares in the last quarter. Himension Capital Singapore PTE. LTD. grew its holdings in shares of iShares Ethereum Trust ETF by 85.7% in the first quarter. Himension Capital Singapore PTE. LTD. now owns 330,654 shares of the company’s stock valued at $5,234,000 after purchasing an additional 152,615 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in shares of iShares Ethereum Trust ETF by 66.8% in the first quarter. PNC Financial Services Group Inc. now owns 171,102 shares of the company’s stock valued at $2,709,000 after purchasing an additional 68,499 shares in the last quarter.

iShares Ethereum Trust ETF Stock Down 0.5%

Shares of ETHA opened at $14.04 on Friday. iShares Ethereum Trust ETF has a fifty-two week low of $11.52 and a fifty-two week high of $36.80. The firm’s 50 day moving average price is $13.73 and its 200 day moving average price is $16.35.

iShares Ethereum Trust ETF Profile

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.