TechFlow reported, according to TheBlock, that on July 3, Grayscale's Ethereum Trust (ETHE) quietly shifted from a discount to its net asset value (NAV) to a premium ahead of expectations for the launch of spot ETFs. Data from YCharts shows ETHE's premium reached 0.31% on July 3. Prior to the anticipated launch of spot Ethereum ETFs in the U.S., ETHE is expected to no longer trade at a negative premium. Over the past three years, ETHE has traded at a negative premium, but this discount has gradually narrowed since the bottom of the cryptocurrency bear market in December 2022. Currently, Grayscale's ETHE manages $9.5 billion in assets.
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