ETFStore President: Shrinking Grayscale Discount Ratio Signals Market Expectations for Spot Ether ETFs

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As of Nov. 10, Grayscale's discount on its Ether ETFs has shrunk to 13.94%, according to Coinglass. That's a huge turnaround for an asset that was at a 60% discount earlier this year.

According to Nate Geraci, President of ETFStore, the shrinking discount bodes well for the market's expectations for spot ethereum ETFs. A shrinking discount is a real-time indicator similar to a "real-time betting line". As such, it predicts the likelihood of ETF approval.