Grayscale ETH and ETC Trusts Experience Negative Premium Rates
According to BlockBeats, recent data from Coinglass reveals that Grayscale's Ethereum Trust (ETHE) and Ethereum Classic Trust (ETC) are currently experiencing negative premium rates. The ETHE has a negative premium rate of 8.72%, while the ETC Trust has a significantly higher negative premium rate of 40.87%.
These negative premium rates indicate that the market price of the shares in these trusts is lower than the net asset value (NAV) of the underlying assets. This situation can be attributed to various factors, including market sentiment, investor demand, and the overall performance of the cryptocurrency market.
It is essential for investors to be aware of these negative premium rates as they can impact the potential returns on their investments. Investors should closely monitor the performance of these trusts and the cryptocurrency market to make informed decisions about their investments.
Jupiter ($JUP) Token Launch Could Accelerate Solana Ecosystem Expansion. Solana's Jupiter Hits $1.2 Billion in Daily Volume, Outpacing Uniswap on Ethereum. Jupiter plans an #airdrop in Solana: Nearly one million wallets qualified for up to 700 #JUP JUP tokens
📈 $BTC marches towards a RARE MILESTONE, eyeing its fifth consecutive month of gains. 🔍 Amidst peaks of $49K and dips to $38.5K, the launch of spot #BitcoinETFs fueled both sell-offs and recoveries.
- Binance $JUP Coinbase $ZETA - Bithumb will lists $JUP - $CTSI $1M Ecosystem Fund - $MAV Kelp + Eigenlayer Point - $OM will be Mantra chain token - $STX Nakamoto Upgrade - $XRP $112.5 XRP token stolen - $RBN @aevoxyz Farming program
💡 Courtesy - LAyerGG
⏩ This article is for information only and not an endorsement of any project or entity. The names mentioned are not related to us. We are not liable for any losses from investing based on this article. This is not financial advice. This disclaimer protects both you and us.
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