Ether Retakes $3K Amid Signs of Seller Exhaustion Before ETF Debut
Discounts in the Grayscale Ethereum Trust and the Coinbase indicator have evaporated in a positive sign for the ether bulls.
Grayscale’s GBTC Discount Closes to Zero for First Time Since February 2021
Grayscale received the regulatory green light to convert its flagship product into an ETF on Wednesday.
GBTC Discount Sinks to Lowest Level in 18 Months as Grayscale Falls Behind in ETF Fee Race
Veri shows the discount fell to as low as 5.6% on Monday, reaching a level previously seen in June 2021.
What Happens to GBTC Discount When FTX Sells its Holdings?
It’s possible the SEC could approve a spot ETF before any sales, taking discount worries off the table.