2024-02-14 10:04:57 ET
Summary
- The Grayscale Ethereum Trust more than doubled in the 5 months since my last article covering the fund.
- In addition to appreciation in the underlying asset, the NAV discount has closed from 30% to 14%.
- With deadlines coming for spot ETH ETF applications in May, some believe approvals are imminent. I'm now much less convinced.
- Regardless, the closer ETHE's NAV discount gets to 0%, the less justification there is in holding the fund long term.
In my last article covering the Grayscale Ethereum Trust ( ETHE ) I made the case that ETHE shares still provided arbitrage traders a terrific setup at a 30% discount to net asset value....
Read the full article on Seeking Alpha
For further details see:
Grayscale Ethereum Trust: Approaching Our Final Destination?