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.
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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.
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