On July 5th, according to YCharts data, on July 3rd, ETHE's premium to net asset value reached 0.31%. Before the launch of the Ethereum Spot ETF in the United States, it is expected that ETHE will no longer trade at a negative premium.
Over the past three years, ETHE has been trading at a negative premium, but on July 3, ETHE's premium to NAV reached 0.31%. Since the crypto bear market bottomed in December 2022, ETHE has been trading at a negative premium, and with the launch of a Bitcoin ETF in January, speculation around the Securities Exchange Commission's approval of a spot Ethereum ETF has increased. Grey release ETHE currently manages $9.50 billion in assets.
Grey releases Ethereum Trust (ETHE) from negative premium to positive premium since July 3
2024-07-05 14:09:54
News according to ycharts data ethe relative net asset value price up todesk3cryptocurrencydesktopCrypto News
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