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Grayscale Ethereum Trust (ETH) (ETHE)
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Upturn Advisory Summary
07/01/2025: ETHE (2-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Analysis of Past Performance
Type ETF | Historic Profit 28.74% | Avg. Invested days 30 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  3.0 | ETF Returns Performance  4.0 |
| Profits based on simulation | Last Close 07/01/2025 |
Key Highlights
Volume (30-day avg) - | Beta - | 52 Weeks Range 12.11 - 34.53 | Updated Date 06/30/2025 |
52 Weeks Range 12.11 - 34.53 | Updated Date 06/30/2025 |
Upturn AI SWOT
Grayscale Ethereum Trust (ETH)
ETF Overview
Overview
The Grayscale Ethereum Trust (ETH) is a digital asset investment vehicle that enables investors to gain exposure to Ethereum in the form of a security without directly purchasing, storing, and safekeeping Ethereum.
Reputation and Reliability
Grayscale Investments is a well-known digital asset manager with a solid track record in providing cryptocurrency investment products.
Management Expertise
Grayscale has a dedicated management team with experience in digital asset investing and traditional finance.
Investment Objective
Goal
The investment objective is for the value of the shares to reflect the value of ETH held by the Trust, less the Trustu2019s expenses and other liabilities.
Investment Approach and Strategy
Strategy: The Trust holds Ethereum and issues shares that represent a fractional ownership interest in the Ethereum held. It does not seek to track any index.
Composition The ETF holds only Ethereum.
Market Position
Market Share: Not applicable as ETH is not an ETF but a trust. Competitors listed are ETFs.
Total Net Assets (AUM): 1112481663
Competitors
Key Competitors
- IBIT
- ARKB
- FBTC
- BITB
- GBTC
- EZBC
- BRRR
- HODL
- DEFI
- BTCO
Competitive Landscape
The competitive landscape is rapidly evolving with many new spot Bitcoin ETFs launching. ETH faces the challenge that it is structured as a trust, not an ETF, thus has less flexibility. Also, ETH's higher expense ratio makes it less competitive compared to newer ETF competitors. ETH's advantage lies in its first-mover status and established presence, but it must convert to an ETF and reduce fees to compete effectively.
Financial Performance
Historical Performance: Historical performance data can be dynamically fetched from financial APIs but is omitted here for brevity.
Benchmark Comparison: Performance is relative to the underlying Ethereum price and direct ETFs.
Expense Ratio: 0.025
Liquidity
Average Trading Volume
Average trading volume fluctuates but is generally moderate, affecting ease of trading in large quantities.
Bid-Ask Spread
The bid-ask spread can vary depending on market volatility and liquidity; it is usually tight during active trading hours.
Market Dynamics
Market Environment Factors
ETH is strongly influenced by cryptocurrency market sentiment, regulatory developments, macroeconomic conditions, and technological advancements in the Ethereum ecosystem.
Growth Trajectory
Growth depends on the adoption of Ethereum blockchain technology, smart contracts, DeFi applications, and the conversion of ETH to a spot ETF with reduced fees.
Moat and Competitive Advantages
Competitive Edge
ETH benefited from being one of the first publicly traded vehicles to provide exposure to Ethereum, however, its status as a trust rather than an ETF is a disadvantage. Its higher expense ratio compared to other spot ETH ETFs also creates a disadvantage. Converting into a spot ETF would allow for improved liquidity and trading efficiencies. Successfully converting and lowering fees could regain its competitive edge.
Risk Analysis
Volatility
ETH is subject to high volatility due to the inherent nature of cryptocurrency markets.
Market Risk
Market risk includes price fluctuations of Ethereum, regulatory uncertainties, cybersecurity threats, and competition from other digital assets.
Investor Profile
Ideal Investor Profile
The ideal investor is someone with a high-risk tolerance seeking exposure to Ethereum's price movements and willing to accept significant price fluctuations.
Market Risk
ETH is better suited for active traders and those with a higher risk appetite than long-term passive investors, until it's converted into spot ETF.
Summary
Grayscale Ethereum Trust (ETH) provides exposure to Ethereum. It faces significant competition from spot Ethereum ETFs offering lower fees. Its performance is heavily influenced by Ethereum's price and overall cryptocurrency market sentiment. Conversion to a spot ETF with competitive fees is crucial for its future success, especially to improve tradability.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Grayscale Investments, SEC Filings, Yahoo Finance, Bloomberg
Disclaimers:
The data provided is for informational purposes only and does not constitute financial advice. Investment decisions should be based on individual circumstances and risk tolerance.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Grayscale Ethereum Trust (ETH)
Exchange NYSE | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
While an investment in the Shares is not a direct investment in Ether, the Shares are designed to provide investors with a cost-effective and convenient way to gain investment exposure to Ether.
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