Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
Home»ETHEREUM NEWS»Grayscale’s Ethereum Trust discount narrows to three-year low as ETF approval looms.
ETHEREUM NEWS

Grayscale’s Ethereum Trust discount narrows to three-year low as ETF approval looms.

By Crypto FlexsMay 22, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Grayscale’s Ethereum Trust discount narrows to three-year low as ETF approval looms.
Share
Facebook Twitter LinkedIn Pinterest Email

Grayscale’s Ethereum Trust (ETHE) discount has narrowed to less than 10%, its lowest level since 2021, amid rising expectations of the approval of a spot Ethereum exchange-traded fund (ETF).

As of May 21, the ETHE discount has narrowed to 6.66%, according to market data from YCharts. A “discount” refers to when ETHE shares are trading below net asset value (NAV).

ETHE discount or premium. (Source: YCharts)

ETHE began trading at a discount in early 2021 after Grayscale halted buybacks, reaching nearly 60% by the end of 2022.

But that range will begin to narrow in 2023, after Grayscale won a significant legal victory against the U.S. Securities and Exchange Commission (SEC) in its attempt to convert its Bitcoin trust into an ETF. Since then, the discount rate has hovered between 10% and 20% before dropping sharply to 6% due to recent developments involving the Ethereum ETF.

What is driving the discount?

This week, reports emerged that the US SEC may approve a spot Ethereum ETF. This is a significant change from previous expectations.

Several ETF applicants quickly amended their filings with financial regulators in response. On May 21, Grayscale and other issuers such as Fidelity withdrew their staking offerings from their spot Ethereum ETF plans.

As a result, market analysts have suggested that ETHE’s narrowing discount is a sign that traders are taking advantage of the arbitrage opportunities provided by the discount and are rushing to sell spot products if ETHE is converted to an ETF.

As a result, experts have warned that the launch of the Grayscale Ethereum ETF could result in significant outflows, mirroring the situation at GBTC. Nic Puckrin, CEO of Coin Bureau, wrote:

“Let’s not forget what happened after GBTC approved the BTC ETF. Grayscale’s ETH product holds 2.9 million ETH (about $10 billion). This accounts for approximately 76% of the total float of ETH investment products worldwide. This is more than the amount of GBTC held prior to the approval of the BTC ETF.”

Mentioned in this article
recent Alpha market report
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Ethereum Rebounds from Bull Market Support: Can It Conquer the ‘Pocket of Gold’ Next?

October 26, 2025

A retail rail can push $2 million a day out of the chain.

October 22, 2025

Fusaka Update – Information for Blob Users

October 18, 2025
Add A Comment

Comments are closed.

Recent Posts

Stake USDT To Earn BTC With Up To 600% APR

October 28, 2025

Coinbase Acquires Echo, Leading On-Chain Capital Raising Platform in $375 Million Deal

October 28, 2025

US Bitcoin reports holdings of 3,865 BTC after recent acquisition

October 27, 2025

Swiss Bitcoin App Relai Acquires MiCA License In France

October 27, 2025

Tapzi Presale Gains Traction with DeepSnitch AI and Bitcoin Hyper

October 27, 2025

The first extension for Solana developers

October 27, 2025

River Public Sale – 48-Hour Dutch Auction Lowest Price Settlement, Claim And Refund Instantly After End

October 27, 2025

Jiuzi Holdings, Inc. Partners With SOLV Foundation On $2.8B TVL Bitcoin Initiative To Advance Crypto Treasury Strategy

October 27, 2025

Why Elon Musk’s SpaceX transferred $133 million in Bitcoin

October 27, 2025

Stablecoin payments reach $10 billion with mainstream adoption

October 26, 2025

Ethereum Rebounds from Bull Market Support: Can It Conquer the ‘Pocket of Gold’ Next?

October 26, 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

Stake USDT To Earn BTC With Up To 600% APR

October 28, 2025

Coinbase Acquires Echo, Leading On-Chain Capital Raising Platform in $375 Million Deal

October 28, 2025

US Bitcoin reports holdings of 3,865 BTC after recent acquisition

October 27, 2025
Most Popular

Guggenheim issues $20 million worth of tokenized commercial paper on Ethereum.

September 29, 2024

Sui turns 1: A debut year of growth and technological innovation puts Sui at the forefront of Web3

May 4, 2024

The German government has transferred an additional $900 million in Bitcoin, increasing pressure to sell BTC.

July 8, 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.