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

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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 Ethereum 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.

Related: USV Leads Round in Matter Labs as Ethereum Scaling Wars Intensify

Grayscale is owned by Digital Currency Group, CoinDesk’s parent company.

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