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Grayscale Ethereum Trust: A 55% Discount To NAV Looks Like A ... - Seeking Alpha

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I had been slowly building my Grayscale Bitcoin Trust (OTC:GBTC) allocation back up (read more here). But after the FTX (FTT-USD) implosion, I've become more aggressive in expanding crypto-related holdings. I've also been buying the Grayscale Ethereum Trust (OTCQX:ETHE) which I suspect is suffering the same forced selling as its big Bitcoin (BTC-USD) sister fund the Grayscale Bitcoin Trust (GBTC). The manager of these trusts is under pressure because a subsidiary called Genesis is involved in bankruptcy proceedings. With some regularity, there are reports in the media that Grayscale is trying to raise funds by selling venture investments or even straight up selling its own holdings in the Ethereum Trust.

seekingalpha.com     Feb 18, 2023