RATE Group | Grayscale’s Investors Buy Ethereum-ETH at Insane 287 Percent Premium
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Grayscale’s Investors Buy Ethereum-ETH at Insane 287 Percent Premium

13 Feb Grayscale’s Investors Buy Ethereum-ETH at Insane 287 Percent Premium

Posted at 00:05h in Ethereum News by

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Investors are paying top dollar in order to get exposure to Ethereum (ETH) via Grayscale’s Ethereum Trust (ETHE). 

According to Charlie Bilello, the CEO of Compound Capital Advisors, the shares of the trust are currently trading at a 287 percent premium to the net asset value (NVA).  

Ethereum

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Wait, is someone buying Ethereum at $830?

Considering that one share of the Ethereum Trust is worth less than 10 percent of Ether, buying them at $83.50 a pop means that investors are paying an insane price for the cryptocurrency that is currently trading at $257 on spot…

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