Grayscale's Ethereum Trust Discount Narrows on ETF Hopes

Discount to NAV for Grayscale's Ethereum Trust (ETHE) has narrowed to 27%, lowest in a year.
Narrowing began after BlackRock ETF filing and Grayscale court victory over SEC on Bitcoin Trust.
Momentum continued after Cboe filed for first spot ether ETFs with VanEck and Ark Invest.
ETHE shares up 140% this year, significantly outperforming ether's 36% gain.
Converting ETHE to an ETF could close the discount to zero.

coindesk.com

Relevant topic timeline:

8/23/2023

Grayscale's Bitcoin ETF Decision Postponed Again by US Appeals Court - Here's Why

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Posted 9/8/2023, 5:53:00 PM

Grayscale's Ethereum Trust Discount Narrows on ETF Hopes

Discount to NAV for Grayscale's Ethereum Trust (ETHE) has narrowed to 27%, lowest in a year.
Narrowing began after BlackRock ETF filing and Grayscale court victory over SEC on Bitcoin Trust.
Momentum continued after Cboe filed for first spot ether ETFs with VanEck and Ark Invest.
ETHE shares up 140% this year, significantly outperforming ether's 36% gain.
Converting ETHE to an ETF could close the discount to zero.