The net asset value discount rate of Grayscale Ethereum Trust Fund (ETHE) has recently reached nearly 60%, the lowest level since the establishment of the fund. Analysis shows that a series of chain events caused by the bankruptcy of FTX may be one of the main reasons for ETHE to hit the lowest premium rate in history. Since Grayscale does not provide a real-time redemption plan for any fund, investors cannot redeem ETHE directly from Grayscale for ETH.
On the other hand, the current discount rate of Grayscale Bitcoin Trust Fund GBTC remains at around 45%, slightly higher than the previous historical record of 48%. (Cryptonews)
