According to BlockBeats, as of June 28, Grayscale Ethereum Trust (ETHE) reported a negative premium rate of 1.29%. The data was originally reported by The Block. The negative premium rate indicates that the shares of the Grayscale Ethereum Trust are trading at a lower price than the actual value of the underlying asset, Ethereum in this case. This could be due to a variety of factors, including market sentiment and demand for Ethereum. It's important to note that this does not necessarily reflect negatively on Ethereum itself, but rather on the market's perception of the Grayscale Ethereum Trust. Investors and market watchers will be keeping a close eye on this development to see if it signals a broader trend in the market.