ChainCatcher news, according to TheBlock, according to YCharts data, on July 3, ETHE's premium to net asset value reached 0.31%. The market expects that ETHE will no longer trade at a negative premium before the launch of the Ethereum spot ETF in the United States.

Since the bottom of the cryptocurrency bear market in December 2022, ETHE has been trading at a negative premium. With the launch of the Bitcoin ETF in January, the predictions surrounding the US SEC's approval of the spot Ethereum ETF have continued to increase, and ETHE's negative premium has continued to narrow until it turned positive on the 3rd of this month. It is reported that Grayscale ETHE currently manages $9.5 billion in assets.