iShares Ethereum Trust ETF (NASDAQ:ETHA) Shares Gap Up – Here’s Why

Shares of iShares Ethereum Trust ETF (NASDAQ:ETHA) gapped up before the market opened on Tuesday . The stock had previously closed at $19.56, but opened at $20.88. iShares Ethereum Trust ETF shares last traded at $20.71, with a volume of 6,448,611 shares traded.

iShares Ethereum Trust ETF Trading Up 1.4%

The firm has a 50-day moving average of $16.06 and a two-hundred day moving average of $19.97.

Institutional Trading of iShares Ethereum Trust ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. Millennium Management LLC raised its position in iShares Ethereum Trust ETF by 156.2% in the fourth quarter. Millennium Management LLC now owns 4,165,254 shares of the company’s stock valued at $105,339,000 after purchasing an additional 2,539,619 shares during the last quarter. Brevan Howard Capital Management LP bought a new position in iShares Ethereum Trust ETF in the fourth quarter valued at about $94,155,000. D. E. Shaw & Co. Inc. bought a new position in iShares Ethereum Trust ETF in the fourth quarter valued at about $85,177,000. Jane Street Group LLC raised its position in iShares Ethereum Trust ETF by 963.1% in the first quarter. Jane Street Group LLC now owns 3,052,081 shares of the company’s stock valued at $42,180,000 after purchasing an additional 2,764,987 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC bought a new position in iShares Ethereum Trust ETF in the fourth quarter valued at about $65,632,000.

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.