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flag Grayscale Ethereum Trust shares rose on Wednesday amid growing institutional interest, though still below key moving averages.

flag Grayscale Ethereum Trust (ETHE) shares surged Wednesday, opening at $16.09—up from $15.15—peaking at $16.34 with 1.26 million shares traded. flag The trust, which holds Ethereum as its sole asset and reports daily net asset value, saw increased institutional interest, including new stakes from Ameritas Advisory Services and Huntington National Bank, and new positions by Ankerstar Wealth and Wilkerson Advisory Group. flag Despite the rally, ETHE’s price remains below its 50-day ($21.97) and 200-day ($28.42) moving averages. flag The fund offers exposure to Ethereum without requiring investors to manage private keys or use crypto exchanges, but it is not registered under the Investment Company Act of 1940 and carries high volatility, with a beta of 4.48.

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