Grayscale Ethereum Trust (ETHE) has turned from a negative premium to a positive premium since July 3

According to YCharts data, on July 3rd, the premium of ETHE relative to its net asset value reached 0.31%. It is expected that ETHE will no longer trade at a negative premium before the launch of Ethereum spot ETF in the United States. In the past three years, ETHE's trading price has been at a negative premium, but on July 3rd, the premium of ETHE relative to its net asset value reached 0.31%. Since the bottom of the cryptocurrency bear market in December 2022, ETHE has been at a negative premium, and speculation around the approval of a spot Ethereum ETF by the US Securities and Exchange Commission has increased since the launch of the Bitcoin ETF in January. Grayscale ETHE currently manages $9.5 billion in assets.