Data: Gray Ether Trust (ETHE) Has Moved from a Negative to a Positive Premium
According to YCharts data, ETHE reportedly traded at a premium of 0.31% to NAV on July 3rd. The market expects ETHE to stop trading at a negative premium before the launch of a spot Ether ETF in the US.
ETHE has been trading at a negative premium since the cryptocurrency bear market bottomed out in December 2022, and as forecasts surrounding the U.S. SEC's approval of a spot ethereum ETF increased following the launch of a bitcoin ETF in January, ETHE's negative premium narrowed until it turned positive on the 3rd of this month. Shades of Gray ETHE is currently reported to have $9.5 billion in assets under management.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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