💥 Gate Square Event: #PostToWinPORTALS# 💥
Post original content on Gate Square related to PORTALS, the Alpha Trading Competition, the Airdrop Campaign, or Launchpool, and get a chance to share 1,300 PORTALS rewards!
📅 Event Period: Sept 18, 2025, 18:00 – Sept 25, 2025, 24:00 (UTC+8)
📌 Related Campaigns:
Alpha Trading Competition: Join for a chance to win rewards
👉 https://www.gate.com/announcements/article/47181
Airdrop Campaign: Claim your PORTALS airdrop
👉 https://www.gate.com/announcements/article/47168
Launchpool: Stake GT to earn PORTALS
👉 https://www.gate.com/announcements/articl
If the Ethereum (ETH) ETF is approved, I will start considering the issue of Grayscale's fund interruption.
Grayscale's Ethereum Trust Fund (ETHE) has long been trading at a price below its Net Asset Value (NAV).
For example, as of mid-May 2024, the discount rate for ETHE is about 20.52%, and the previous discount rate was even higher, reaching nearly 25% (Decrypt) (YCharts).
This means that the price paid by investors when purchasing these trust funds is lower than the actual value of Ethereum they hold.
Grayscale currently holds nearly $10 billion worth of ETH. If the ETH ETF is approved, investors may be more inclined to invest in the more convenient and transparent ETF instead of continuing to hold Grayscale's trust.
Grayscale's Ethereum Trust Fund (ETHE) may face funding pressure due to the approval of ETFs.
If Grayscale holders decide to sell their ETH holdings, it could put downward pressure on the market price.
Whether the new ETF can attract enough capital inflows to adapt to this pressure is still an unresolved issue.
#共庆Gateio11周年#