🔍 Market Update: Grayscale ETH and ETC Trusts See Increased Negative Premiums 🔍
📉 Recent data from Coinglass shows that the **Grayscale Ethereum (ETH) Trust** and **Ethereum Classic (ETC) Trust** are experiencing significant negative premium rates of **22.72%** and **41.95%** respectively.
🔹 **ETH Price:** $3,139.39 (+2.35%)
🔹 **ETC Price:** $28.32 (+2.98%)
This marks a notable shift from March 9, when the negative premium rate for Grayscale ETHE had narrowed to 8.17%. The current figures suggest a growing discount on these trusts, reflecting changes in investor sentiment.
As we delve deeper into the market dynamics, further analysis is required to understand the underlying factors influencing these trends.
Stay tuned for more insights and updates!