According to Foresight News, TheBlock cited YCharts data and reported that the premium of Grayscale Ethereum Trust Fund (ETHE) relative to net asset value has turned from negative premium to positive premium since July 3, reaching 0.31%. Before the launch of Ethereum spot ETF in the United States, ETHE is expected to no longer trade at a negative premium. Over the past three years, ETHE has been trading at a negative premium, and as speculation about the approval of Ethereum spot ETF by the U.S. Securities and Exchange Commission (SEC) increases, ETHE's negative premium has continued to narrow. Grayscale ETHE currently manages $9.5 billion in assets.