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Cryptocurrencies: 28611
Markets: 116181
Market Cap: $2,432,425,405,715     
24h Vol: $56,703,711,533
cryptonews 2023-01-03 12:35:00

Grayscale Ethereum Trust Discount Reaches Record 60%, GBTC at 45%

Grayscale Ethereum Trust Discount Reaches Record 60%, GBTC at 45%
The Grayscale Ethereum Trust (ETHE) is currently trading at a steep discount to its assets under management (AUM) amid dwindling institutional interest in the fund. As of now, the fund’s discount to net asset value (NAV) has plunged to a record 60%, the lowest premium rate since the inception of the ETHE. ETHE’s premium rate started to collapse significantly by the end of October after a gradual improvement in September amid the excitement around the Merge upgrade. ... Read More: Grayscale Ethereum Trust Discount Reaches Record 60%, GBTC at 45%
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