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

Alameda Engineer SBF stole my life savings

As an engineer at Alameda Research, my entire life savings were stolen by my former boss, Sam Bankman-Fried (known to...

Blockchain

Deep Dive into Uniswap V4: A "Masterpiece" of Decentralized Exchange

Updates to Uniswap V4 could further enhance its position in the DEX space, with the "hooks" feature greatly improving...

Blockchain

Bitcoin's soaring population: the mining giant ushered in the spring exchange to die in the cold winter

After experiencing a downturn last year, the price of the world's largest digital cryptocurrency bitcoin began t...

Blockchain

Coinbase's effect on the currency is not strong, mainly because the market is at work.

Coinbase is one of the most influential compliance exchanges in the world, providing multiple French currency channel...

Blockchain

The cryptocurrency exchange "closed tide", running to catch up with P2P

The cryptocurrency exchange, once regarded as “stable and not paying”, is more crazy than other fields,...

Opinion

Caroline Ellison testified in court Acting on the instructions of SBF, embezzlement of approximately $14 billion in FTX client funds.

The Manhattan courtroom was crowded on Tuesday as Caroline Ellison, the former girlfriend of SBF and former CEO of Al...