Investors Confuse Ethan Allen With Ethereum: Shares up 50% Over Average Price
Ethan Allen, a U.S.-based furniture company, has been getting strange traction in markets this year, due to an interesting coincidence. The company’s stock ticker is the same as ethereum’s ticker, something it shares with one of the hottest cryptocurrencies right now. This has caused confusion among investors, who have bought Ethan Allen without doing research and thinking they are buying ethereum. Ethan Allen Enjoys Ethereum’s Market Ticker Ethan Allen, a Nasdaq-listed custom furniture company based in Vermont, has been getting a special kind of attention in the market....
Related News
New York Stock Exchange (NYSE) listed company Ethan Allen Interiors Inc. has changed its ticker from “ETH” to “ETD” to avoid confusion with Ethereum. Ethereum has achieved another milestone this week apart from the London hard fork, with a 90-year-old New York Stock Exchange (NYSE) listed company changing its ticker to avoid confusion with Ethereum. Home decor and furniture chain Ethan Allen — which has more than 300 stores across the US — announced on Aug. 4 that it had changed its NYSE ticker from “ETH” to “ETD”. The firm said that it has incorporated “D” to reflect design and changed....
I was on Cryptostocks a few weeks ago, and as I was buying some shares of a friend's offering I ran across BAMMining. I purchased a few shares just to support them and ended up part of a shareholder driven business. They not only listen to their shareholders but also actively ask for input and feedback in making decisions. These things could just be advice or questions about which ASIC miner they should purchase to which pools and coins to mine. Many claim that they are like this, but BAMM actively involves their shareholders. I found it to be a very good thing and made me want to know....
A long-term arbitrage play from institutional investors may explain why shares in Grayscale’s Ethereum Trust have tanked by 50% in two weeks while Ether rallied 75%. Shares in fund manager Grayscale Investments’ Ethereum Trust plummeted by 50% this past fortnight, despite Ethereum rallying by 75% over the same period.ETHE shares represent 0.09620794 of an Ether each and are currently trading for $13.80 — roughly a 21% premium over the spot price of ETH.Grayscale’s ETHE shares have been on a roller coaster ride, surging around 500% from $4.20 at the start of October, before topping out at....
Trading in the Bitcoin Investment Trust (BIT), an open-ended trust invested exclusively in bitcoin, may have contributed to the November spike in bitcoin's price, according to The Wall Street Journal. On Oct. 21, for the first time, the spread between publicly-traded shares in the fund and the bitcoin price became negligible. On Nov. 3, 71,000 shares traded and the bitcoin price surged. A spokesman for the trust said the narrowed spread probably attracted investors to BIT. Arbitragers often try to profit from changes between assets and price, but do so, they must take a position in the....
The split will take effect on Dec. 17. Digital asset manager Grayscale has announced a share split for its Ethereum Trust — a move that could make the fund more attractive to individual investors. In an official press release, Grayscale announced Wednesday that the split will be implemented on Dec. 17, with shareholders of record receiving eight additional shares for each one they currently own. To be eligible for the split, investors need to be on the shareholder record by Dec. 14. Grayscale says the fund currently has 29,502,100 shares at a value of 0.09284789 Ether (ETH) per share.....