Grayscale Ethereum Trust discount drops to 60 %, GBTC to 45 %
Grayscale Ethereum Trust discount drops to 60 %, GBTC to 45 %
The Grayscale Ethereum Trust (Ethhe) fell on a record discount of -60 % because the fears of liquidations increase.
The tee of the net inventory value (NAV) was between -25 % and -35 % until the beginning of November, when the FTX broke in. Since then he has fallen on the lowest level of all time this week.
The Ethereum Trust is the company's second largest with an managed assets (AUM) of $ 3.7 billion. It holds around 3 million ETH, which corresponds to about 2.5 % of its total market capitalization.
The ETHE fund fell by 69 % last year, but has increased 49 % since its laying down in December 2017.
every grayscale trust and its respective premium percentage pic.twitter.com/tyqf5fmext
-DB (@Tier10k) .