According to TechFlow, TheBlock reported that on July 3, Grayscale Ethereum Trust (ETHE)'s discount to net asset value (NAV) quietly turned into a premium before the expected launch of the spot ETF. According to YCharts data, the ETHE premium reached 0.31% on July 3. Before the launch of the Ethereum spot ETF in the United States, ETHE is expected to no longer trade at a negative premium. ETHE has been trading at a negative premium for the past three years, but the negative premium has gradually narrowed since the bottom of the cryptocurrency bear market in December 2022. Currently, Grayscale ETHE manages $9.5 billion in assets.
