On May 21, 2024, Grayscale Ethereum Trust's (ETHE) discount to net asset value (NAV) decreased to 6.66%, according to YCharts. The last time such an indicator was recorded was in December 2021.
ETHE trust discount/premium zone. Source: YCharts.
IN The Block stated that the discount to NAV shows how much lower the market price of each share is compared to the value of Ethereum.
In addition, the report said that such an indicator can be considered as an indicator of the likelihood of approval of spot Ethereum-ETFs.
Note that the Grayscale Bitcoin Trust (GBTC) discount has decreased to 0.03%:
GBTC trust discount/premium zone. Source: YCharts.
Source: Cryptocurrency
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