StoneX Group Inc. has substantially increased its stake in Grayscale Ethereum Trust (ETH), raising its holdings by 510.5% in the second quarter, according to its latest SEC filing. The institutional investor now owns 134,015 shares valued at nearly $2.8 million, reflecting strong confidence in this cryptocurrency investment vehicle.
Other notable investors, including PNC Financial Services Group Inc., Legacy Investment Solutions LLC, Headlands Technologies LLC, Farther Finance Advisors LLC, and Chung Wu Investment Group LLC, have also expanded or initiated positions in Grayscale Ethereum Trust, highlighting growing institutional interest in ETH.
Despite a recent 3.8% decline in its stock price, Grayscale Ethereum Trust has demonstrated resilience, with its 12-month trading range between $12.10 and $40.13, supported by steady moving averages.
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