Grayscale’s Ethereum Trust Premium Follows Bitcoin Sibling Into Flipping Negative

GBTC’s premium flipped negative one day earlier.

Feb 27, 2021 at 11:06 p.m. UTC
Updated Sep 14, 2021 at 12:18 p.m. UTC

Grayscale’s Ethereum Trust (ETHE) is trading at a discount, one day after its bitcoin trust did the same. 

The trust closed 5.21% below the price of ETH on Thursday after trading at a premium to the spot price of ether since 2017, according to historical data from Skew. As of Friday's stock market close it traded 1.18% below the spot price. 

Earlier in the month, it traded at a premium that was nearly 20% above the spot price. 

Grayscale is owned by Digital Currency Group, CoinDesk's parent company.

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