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

GBTC’s premium flipped negative one day earlier.

By Nate DiCamillo

Feb 27, 2021 at 11:06 p.m. UTC

Updated Sep 14, 2021 at 12:18 p.m. UTC

skew_grayscale_ethereum_trust_ethe_premium — Ethereum premium in February 2020

Nate DiCamillo

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.

Read more about

Grayscale Grayscale Ethereum Trust

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.