Gray Capital Ethereum Trust Fund has a premium of 426%, and institutional investors are the main buyers

Source: Bitcoinexchangeguide

Compilation: block rhythm

Grayscale Investment's crypto product transactions have recently seen a very high premium.

At the time of the report's release, Grayscale's Bitcoin Trust Fund (GBTC) saw its premium soar 17%. Currently, grayscale Bitcoin Trust investors are required to pay more than $ 10.50 for the underlying asset value of $ 9.85. The Ethereum premium is even higher, with investors paying a premium of 426% in the Grayscale Ethereum Trust Fund. Last week, investors paid $ 112 for the underlying asset worth $ 21.29.

According to the report, this high demand for Ethereum comes from institutional investors, as analysis shows that 71% of capital inflows come from institutional organizations.

We will continue to update Blocking; if you have any questions or suggestions, please contact us!

Share:

Was this article helpful?

93 out of 132 found this helpful

Discover more

Blockchain

Coinbase publicly acknowledges that 3,420 user information is threatened by registration vulnerability

According to foreign media, Coinbase Exchange acknowledged in its latest blog post that a vulnerability in their syst...

Blockchain

Get Ready for a Jaw-Dropping 90% Asset Return by Q2 2024 FTX Customers in for a Thrilling Ride with New Amended Proposal!

Exciting news for customers of defunct cryptocurrency exchanges FTX and FTX.US - an updated proposal offers hope of r...

Blockchain

Eat Reason Rationally | Who is the real winner of the Steem incident?

Sun Yuchen VS Steem community was the most discussed topic in the industry last week. On February 14, Sun Yuchen comp...

Opinion

The inevitable outcome of Non-EVM public chains? Analyzing the reasons for the decline of ICP from multiple perspectives

This article will start with the technical characteristics of ICP, then discuss the shortcomings of its NNS governanc...

DeFi

Postponed Fraud Trial of Mango Markets Exploiter: A Delayed Showdown

Fashion executive, Avraham Eisenberg, accused of a $116 million fraud at Mango Market, will face trial on April 8, 20...

Blockchain

Extreme market challenges major contract exchanges, BTCC contract performance is outstanding

On Friday, Bitcoin ushered in three surges in a short period of time, with a gain of more than 20%. The currency circ...