Grayscale Ethereum Trust (ETHE) has recently transitioned from trading at a negative premium to a positive premium since July 3rd. According to TheBlock, based on YCharts data, ETHE's premium over its net asset value rose to 0.31% on that date. Prior to the anticipated launch of a spot Ethereum ETF in the US, it was expected that ETHE would no longer trade at a negative premium. ETHE had maintained a negative premium for the past three years until this recent change. Speculation has increased following the launch of a Bitcoin ETF in January, regarding the SEC's potential approval of a spot Ethereum ETF. Currently, Grayscale ETHE manages assets totaling $9.5 billion.