Grayscale’s Ethereum Trust (ETHE) has shifted from a discount to a premium in its net asset value (NAV) for the first time since November 2021, as reported by ycharts.com metrics. This adjustment comes just before the expected debut of spot ether exchange-traded fund listings expected to launch later this month. On July 2, 2024, ycharts.com recorded a 1.13% discount to NAV, which has now moved to a 0.31% premium as of July 3, 2024. The Grayscale Ethereum Trust, introduced in 2013 as part of Grayscale’s array of digital asset investment products, experienced a discount from November 2021 until July 3, 2024. In December 2022, following the FTX fallout, ETHE’s discount to NAV reached a low of 59%.
Grayscale Ethereum Trust Hits Premium for First Time Since 2021
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