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

GBTC’s premium flipped negative one day earlier.

Ethereum premium in February 2020
Ethereum premium in February 2020

Grayscale’s Ethereum Trust (ETHE) is trading at a discount, one day after its bitcoin trust did the same.

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The trust closed 5.21% below the price of ETH on Thursday after trading at a premium to the spot price of ether 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.

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

Nate DiCamillo