Bitcoin Ethereum

Grayscale investment funds outshine Bitcoin, Ethereum in 2023

04/05/2023
Bitcoin Ethereum News

Quick Take

  • This year’s attention has been on Grayscale Bitcoin Trust due to the ongoing rivalry with the SEC.
  • However, GBTC is up 95% year to date while the discount has narrowed to roughly 40%, which was as low as 50% in January 2023.
  • In addition, ETHE is up 83% year to date, while the ETHE discount has narrowed to 51%; it was as low as 60% in January 2023.
  • Meanwhile, Bitcoin is up 72%, and Ethereum is up 60% yearly.
  • A lot of volatility could occur next week, with the Shanghai upgrade looming.
  • CryptoSlate did a thorough deep dive into the options market on the possible impact the upgrade could have on the token price of Ethereum.
Grayscale Ethereum Trust: (Source: Y Charts)
Grayscale Ethereum Trust: (Source: Y Charts)
GBTC: (Source: Trading View)
GBTC: (Source: Trading View)

The post Grayscale investment funds outshine Bitcoin, Ethereum in 2023 appeared first on CryptoSlate.

Source: https://cryptoslate.com/insights/grayscale-investment-funds-outshine-bitcoin-ethereum-in-2023/