Why These 15 Crypto Stocks Have Been Plunging In 2025

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3. Grayscale Ethereum Trust ETF (NYSEARCA:ETHE)

Number of Hedge Fund Holders In Q4 2024: 9

Grayscale Ethereum Trust ETF (NYSEARCA:ETHE) is a company that allows investors to gain exposure to Ethereum (ETH-USD) without owning the cryptocurrency directly.

The stock is down significantly so far in 2025, as ETHE reported zero daily flow. There’s a lack of investor confidence or interest in the ETF.

This is mostly because Ethereum did not outperform Bitcoin in the current cycle, and there hasn’t been a big “alt season” yet. As a result, Bitcoin ETFs have dominated the traditional stock market.

Also, Grayscale’s management fee of 2.5% for ETHE remains significantly higher than competing Ethereum ETFs.

On February 14, 2025, NYSE Arca filed a proposal to amend ETHE to allow the staking of its Ether holdings.

ETHE stock is down 35.76% year-to-date.

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