Following last week's surprise approval of the #Ethereum 19B-4 (Spot ETF Review Request), the Grayscale Ethereum Trust premium spiked to -0.81% and has been trading close to 0% ever since.
This suggests that institutional investors in the US are already almost certain to approve an Ethereum spot ETF.
Furthermore, if the approval is fully finalized, US institutional investors will have the opportunity to earn a risk-free return on a premium that has fallen by up to -27% during this correction.
Written by MAC_D