Data: Grayscale Ethereum Trust (ETHE) has shifted from a negative premium to a positive premium

ChainCatcher news, according to TheBlock, based on YCharts data, on July 3, the premium of ETHE relative to net asset value reached 0.31%. The market expects that ETHE will no longer trade at a negative premium before the launch of the Ethereum spot ETF in the United States.

Since the cryptocurrency bear market bottomed out in December 2022, ETHE has been trading at a negative premium. Following the launch of the Bitcoin ETF in January, predictions surrounding the approval of a spot Ethereum ETF by the U.S. SEC have increased, and ETHE's negative premium has continued to narrow, turning into a positive premium on the 3rd of this month. It is reported that Grayscale ETHE currently manages $9.5 billion in assets.