quick take
- This year, the Grayscale Bitcoin Trust is in the spotlight as it continues to compete with the SEC.
- However, while GBTC is up 95% year-to-date, the discount rate has shrunk to around 40% and was down to 50% in January 2023.
- Additionally, ETHE is up 83% to date, while the ETHE discount has shrunk to 51%. It was as low as 60% in January 2023.
- Meanwhile, Bitcoin is up 72% and Ethereum is up 60% year-on-year.
- A lot of volatility is likely next week as the Shanghai upgrade looms.
- CryptoSlate has delved into the options market on the possible impact of upgrades on Ethereum token prices.
Post Grayscale Investment Fund Surpasses Bitcoin, Ethereum First to Appear on CryptoSlate in 2023
