ETFStore President: The contraction of the discount rate indicates the market’s expectations for the spot Ethereum ETF

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Cointime2023/11/12 00:12

By:Cointime

According to Coinglass data , as of November 10th, the discount rate of Grayscale's Ethereum Trust Fund has narrowed to 13.94%. This is a huge change compared to the asset's discount rate of up to 60% earlier this year. ETFStore President Nate Geraci believes that the shrinking discount rate indicates the market's expectation for a spot Ethereum ETF. The narrowing discount rate is a real-time indicator similar to a "real-time betting line". Therefore, it predicts the possibility of ETF approval.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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