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Greyscale's Ethereum Trust (ETHE) has experienced a 40% surge in the last two days, possibly due to the potential approval of an Ethereum ETF.
The discount to NAV of ETHE has decreased, indicating a closing gap between the Trust's price and the price of its Ethereum holdings.
Ethereum tends to outperform Bitcoin during "Altseason," and history suggests we are nearing one now.
Thesis Summary
Greyscales’ Ethereum Trust ( ETHE ) has skyrocketed close to 40% in the last two days. No, this is not a meme stock, and it has a perfectly reasonable explanation....