RATE Group | Five Signs That Ethereum Is Having Its Moment Right Now
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Five Signs That Ethereum Is Having Its Moment Right Now

14 Feb Five Signs That Ethereum Is Having Its Moment Right Now

Posted at 08:38h in Ethereum News by

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Ether (ETH) has more than doubled in value so far this year, with strong fundamentals and increasing numbers of projects being built on the network. Here are five signs from this week that Ethereum’s time may have finally come.

Institutional investors are now paying a 220% premium

Accredited investors are currently paying a 220% premium to buy Ether through Grayscale’s Ethereum Trust.

The price of a single share in the Ethereum Trust is currently trading for $81.50 even though one share represents Ether worth just $25.46. Yesterday the premium was even higher, at 312%.

The Grayscale Ethereum Trust has $154.5 million in assets under management and is aimed at institutional investors who are willing to pay a premium to avoid investing directly in cryptocurrency with its attendant custody and regulatory issues.

Some retail investors are also paying over the odds. Coinbase, a major fiat gateway used by  retail investors, has seen Ether trading at a $1 to $1.50 premium over non-fiat…

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