What happened
Shares of Grayscale Ethereum Trust (OTC:ETHE), a fund designed to allow traditional investors to invest in the non-traditional asset known as Ether, are getting crushed today. As of 11:20 a.m. EST, it’s down a whopping 18%. By contrast, Ether is only down 3% over the past 24 hours. In theory, the movements shouldn’t diverge this much. What gives?
So what
I can objectively say that Grayscale Ethereum Trust is wildly overvalued, and that’s probably why shares are falling…
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