Grayscale’s Ethereum Fund Is trading With A Huge Discount On NAV.
Grayscale’s Ethereum and Bitcoin funds are trading with a huge discount on NAV due to the lack of demand and constantly occurring selling pressure. These make them tentatively attractive to the investors who have not yet received exposure to the market via spot assets.
What is Grayscale Cryptocurrency Fund?
This was one of the famous ways to receive eye-opening to the cryptocurrency market, and it was largely used by institutional investors long before the appearance of Bitcoin or even Ethereum futures exchange-traded funds, and presently, Ethereum fund by Grayscale gives large discounts on NAV.
Read Also: Dogecoin's large transactions rose 68% Due To Whales' Activities.
Reason for the Discount on Net Asset Value (NAV)
Large selling pressure which c...