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🪙 Grayscale’s ETHE discount to NAV hits lowest level since 2021 amid growing optimism for Ethereum ETF approval
The #GRAYSCALE Ethereum Trust (ETHE) discount to net asset value (NAV) has narrowed to its lowest level in over two years amid newly #Optimistic outlook for a spot ether #exchange -traded fund approval by the Securities and Exchange Commission. Discount to NAV indicates how much lower the market price of each share is compared to the value of the ether it represents. It fell to -6.7% by market close yesterday—the lowest since December 2021, according to YCharts data.
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