Grayscale Ethereum Trust trades at record 59% discount

2023-1-3 22:00

The Grayscale Ethereum Trust (ETHE) is trading at a record-low discount rate of 59%, according to the data shared by the crypto influencer DB.

Source: @tier10k

The Grayscale trust gathers money from institutions that wish to invest in various cryptocurrencies but want to avoid the challenges of buying, storing, or safekeeping their crypto. The funds collected under ETHE are used to purchase Ethereum (ETH) to expose institutional investors to ETH passively.

There is currently $3.6 billion worth of assets under the ETHE pool collected from 31 million shares. The ETH per share is around 0.0097 ETH, and the market price per share is $4.77.

Community concerns about Grayscale

According to the data, ETHE is not the only Grayscale fund that is struggling. On Dec. 8, the Grayscale Bitcoin Trust (GBTC) reached a record-low discount of 49,20%. The GBTC has healed only slightly since then, with a discount rate of 45.

Recently, Grayscale has been facing speculations regarding its financial stability. On Nov. 16, Grayscale’s sister company Genesis halted withdrawals, raising questions regarding insolvency. Soon after, reports revealed that both companies’ parent institutions had a debt of around $2 billion to Genesis.

Even though Grayscale’s partner Coinbase assured the community that Grayscale held enough Bitcoin (BTC) to remain liquid, Grayscale refused to provide proof of its BTC reserves, which didn’t help soothe the community concerns.

The post Grayscale Ethereum Trust trades at record 59% discount appeared first on CryptoSlate.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

TrustPlus (TRUST) на Currencies.ru

$ 0.00388 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: -44.03 %
Cегодня L: $0.00388 - H: $0.00388
Капитализация $135.274k Rank 99999
Доступно / Всего 34.865m TRUST

discount ethereum grayscale trust record trades crypto

Источник: cryptoslate.com

discount ethereum → Результатов: 30


Four New Firms Report Adding Exposure to GBTC and ETHE as Grayscale Discount Continues to Shrink

In the latest institutional buying update, several firms added crypto exposure in the quarter ending June 30, 2021. As first reported by MacroScope, according to the recent filings with the US Securities and Exchange Commission (SEC), Ancora Advisors disclosed holding 13,945 shares of Grayscale Bitcoin Trust (GBTC) and 2,674 shares of Grayscale Ethereum Trust (ETHE).

2021-8-14 17:24


FEI Stablecoin Becomes ‘Unstable’ as Genesis Event Concludes

The genesis event for the Fei Protocol Ethereum-backed stablecoin began on April 1. It introduced an airdrop of its TRIBE governance token and the event concluded on April 4. Liquidity in Ethereum has surged as members of a select ‘Genesis Group’ loaded up on FEI at discount below-peg prices in anticipation of it reaching the … Continued The post FEI Stablecoin Becomes ‘Unstable’ as Genesis Event Concludes appeared first on BeInCrypto.

2021-4-5 08:43


Domi ICO

Domitai is a Cryptocurrency Exchange in Mexico, a trading platform for digital and traditional currencies between users. Our mission is to change the way commerce and financing is done in Mexico, and work to become one of the top financial institutions in Latam and Worldwide.

2019-4-15 06:03


Фото:

Aversion to Change Cited for Crypto Resistance Says Ethereum’s Lubin

As the cryptocurrency sector continues to grow, it is becoming increasingly difficult to discount the industry, as was the practice in the early days of Bitcoin. As people continue to use cryptocurrencies and its market value has risen over the years, many who were against the use and proliferation of decentralized digital currencies have begun to change their stance.

2018-10-2 20:00


Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Crypto startups secure $691 million in venture capital during September

Venture capital (VC) funds invested over $659 million in crypto startups last month, representing a 3% increase compared to August, according to DefiLlama data. The blockchain gaming sector grew for the second consecutive month, with VC funds pouring $63 million into blockchain titles, marking a 32% monthly growth.

Is Bitcoin Mining Worth It?

Crypto Fundamentals: A quick guide on how to calculate your costs, ROI and potential profitability to see if Bitcoin mining is worth it for you. The post Is Bitcoin Mining Worth It? appeared first on CoinCentral.

VC funding for crypto startups soars to $634M in August

Venture capital (VC) funds invested $634 million in crypto startups in August — up 15% from July, based on DefiLlama data. Projects focusing on blockchain infrastructure secured nearly $460 million in funding, accounting for 72% of the total raised by crypto startups last month.

Web3 gaming platform Sandbox drops valuation by $3 billion as it raises $20 million

The Sandbox, a subsidiary of Animoca Brands, has announced a $20 million funding round at a $1 billion valuation cap aimed at expanding its creator economy within the open metaverse. This strategic funding, led by Kingsway Capital and Animoca Brands with participation from LG Tech Ventures and True Global Ventures, will support The Sandbox’s vision […] The post Web3 gaming platform Sandbox drops valuation by $3 billion as it raises $20 million appeared first on CryptoSlate.