Grayscale ETHE Premium Soars 9% in Anticipation of Spot Ethereum ETF Approval
CryptoNewsTerminal Staff21 May, 2024
Grayscale ETHE Premium Soars 9% in Anticipation of Spot Ethereum ETF Approval
Grayscale's Ethereum Trust (ETHE) premium has seen a significant increase in the past day, rising from -20.52% to -11.82%, according to data from The Block. This represents a jump of about 9% points and is seen as a sign of growing anticipation that the SEC will approve a spot Ethereum ETF. Grayscale has filed to convert its ETHE shares into a spot ETF, and the narrowing of the negative premium may indicate that investors are becoming more optimistic about the chances of the SEC approving a spot Ethereum ETF. If approved, this would be a major development for the cryptocurrency market, as it would provide investors with an easy and regulated way to gain exposure to Ethereum.
