The Grayscale Ethereum Trust (ETHE) is trading at nearly a 60% discount to the underlying value of its assets, with shares falling 93% from its Jun. 2019 all-time high (ATH).
There are many reasons behind the ongoing decline, but in recent weeks fears have grown that fallout from parent company Digital Currency Group’s debt of approximately $1.675 billion to troubled crypto lender Genesis could impact Grayscale assets.
YCharts data shows a 59.39% discount at the time of writing, a level the…
Source link
