Bitwise Ethereum Strategy ETF (NYSEARCA:AETH) Shares Cross Above 50-Day Moving Average – Should You Sell?

Bitwise Ethereum Strategy ETF (NYSEARCA:AETH)’s share price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $34.59 and traded as high as $45.19. Bitwise Ethereum Strategy ETF shares last traded at $44.49, with a volume of 11,645 shares changing hands.

Bitwise Ethereum Strategy ETF Stock Performance

The firm’s 50-day moving average price is $34.59 and its 200 day moving average price is $38.42.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Bitwise Ethereum Strategy ETF stock. Jane Street Group LLC increased its position in shares of Bitwise Ethereum Strategy ETF (NYSEARCA:AETH) by 14.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,961 shares of the company’s stock after purchasing an additional 3,048 shares during the quarter. Jane Street Group LLC owned 7.99% of Bitwise Ethereum Strategy ETF worth $801,000 at the end of the most recent reporting period.

Bitwise Ethereum Strategy ETF Company Profile

The Bitwise Ethereum Strategy ETF (AETH) is an exchange-traded fund that mostly invests in long eth, short usd currency. The fund is an actively managed fund that that seeks capital appreciation by providing Ethereum-linked exposure. The fund exclusively invests in ether futures contracts AETH was launched on Sep 29, 2023 and is issued by Bitwise.