According to metrics from ycharts.com, Grayscale’s Ethereum Trust (ETHE) has recently transitioned from a discounted position to a premium status in its net asset value (NAV) for the first time since November 2021. This shift occurs just ahead of the anticipated launch of spot ether exchange-traded fund listings slated for later this month. On July 2, 2024, ycharts.com noted a discount of 1.13% to NAV, which has now evolved into a premium of 0.31% as of July 3, 2024.
Originally launched in 2013 as part of Grayscale’s range of digital asset investment products, the Grayscale Ethereum Trust had been trading at a discount from November 2021 up to July 3, 2024. In December 2022, after the FTX incident, ETHE’s discount to NAV hit a low point of 59%.
