Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ADOPTION NEWS»Grayscale Ethereum Trust discount quietly shifts to premium relative to NAV, ahead of anticipated spot ETF launch
ADOPTION NEWS

Grayscale Ethereum Trust discount quietly shifts to premium relative to NAV, ahead of anticipated spot ETF launch

By Crypto FlexsJuly 5, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Grayscale Ethereum Trust discount quietly shifts to premium relative to NAV, ahead of anticipated spot ETF launch
Share
Facebook Twitter LinkedIn Pinterest Email

Grayscale Ethereum Ethereum

-5.15%
With the launch of the spot Ethereum exchange-traded fund (ETF) in the United States, the Trust (ETHE) will no longer trade at a discount to its net asset value (NAV).

According to YCharts data, ETHE, which has been trading at a discount for the past three years, reached a premium of 0.31% to NAV on July 3, ahead of the Independence Day holiday.

The premium or discount to NAV indicates how much higher or lower the market price of each stock is relative to the value of the ether it represents.

The ETHE discount rate has been decreasing since the crypto bear market bottom in December 2022, as speculation grew surrounding the launch of a Bitcoin counterpart in January, followed by the approval of a spot Ethereum ETF by the U.S. Securities and Exchange Commission.

Despite widening again between March and May, the ETHE discount has narrowed dramatically since the SEC approved eight Form 19b-4s for spot Ethereum ETFs on May 23 from BlackRock, Fidelity, Bitwise, VanEck, Ark Invest, Invesco, Franklin Templeton, and Grayscale.

However, the issuer must make its S-1 registration statement effective before trading can commence, which is expected to happen in the coming weeks, but ETHE has so far traded at a slight discount to its NAV.

ETHE discount to NAV. Image: YCharts.

The Ethereum Bitcoin Trust previously traded at a discount because the shares are currently non-redeemable, meaning that the only option for shareholders is to sell their shares to other potential buyers. However, historically, it traded at a premium until the crypto credit crisis of 2021.

The discounted closing price suggests that the launch of a spot Ethereum ETF is imminent, with investors likely buying discounted shares ahead of the Ethereum Trust’s potential ETF conversion, similar to what happened with Grayscale Bitcoin Trust (GBTC) before it converted to an ETF in January.

According to Grayscale, ETHE currently has $9.5 billion in assets under management.


Disclaimer: The Block is an independent media outlet providing news, research and data. As of November 2023, Foresight Ventures is the largest investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, influential and timely information on the cryptocurrency industry. Below are the current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be legal, tax, investment, financial or other advice.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025

Gala Games improves leader board rewards and introduces preference systems.

June 20, 2025

Ether Leeum Whale starts a $ 11 million leverage betting in the 30% increase in ETH prices.

June 12, 2025
Add A Comment

Comments are closed.

Recent Posts

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025
Most Popular

Questions about secondary transaction malleability explained in the book “Mastering Bitcoin”

March 17, 2024

Solana: Could soaring indicators add fuel to SOL’s rally?

December 24, 2023

NEAR Protocol: Account Integration Innovation and Market Trend Analysis – The Defi Info

February 19, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.