Grayscale Ethereum Trust Discount Shrinks to 1%

CATCOIN 2 Airdrop Is Live, Claim Instnat 150,000 CAT Tokens Worth Of $150 USDT At WWW. CATCOIN2 .FUN catcoin2.fun/

As noted by ETF analyst Nate Geraci, the Grayscale Ethereum Trust discount has plunged to 1.45% from a peak of nearly 50% within a year.

Such a stunning development is due to the approval of a slew of Ethereum exchange-traded funds. Just a month ago, the fund was trading at a more than a 20% discount to net asset value (NAV).

However, the U.S. Securities and Exchange Commission made a sharp U-turn by approving several 19b-4 forms. The sudden reversal shocked seasoned market observers who expected the SEC to shoot down spot Ether ETF filings and paved the way for a significant price rally in May.

However, it is worth noting that these products are yet to start trading since their approval is a two-step process. Now, the SEC has to green-light numerous S-1 registration forms.
#Grayscale #Ethereum #ETFs #Bitcoin #HongKong