Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
ETFStore President: The contraction of the discount rate indicates the market’s expectations for the spot Ethereum ETF

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

CointimeCointime2023/11/12 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.

0

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.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Navigating Crypto Volatility: How Bitcoin and Altcoins Influence Your Trading Choices

Understanding the Impact of Market Volatility on Crypto Trading: A Look at the Risk and Reward in Bitcoin and Altcoins

Coineagle2025/03/14 23:00

Bitcoin Plunge Signals Opportunity to Buy as USDT Flow Peaks in Six Months

Analyzing Stablecoin Spikes amid Bitcoin's Decline: A Sign of Impending Rally or a Word of Caution?

Coineagle2025/03/14 23:00

Keeping Faith in Bitcoin: Unraveling the 2017 Cycle and the Power of HODLing Strategy

Identifying Parallels Between BTC's Current Trends and Its Performance Four Years Prior - Should Investors Hold Firm or Alter Approaches?

Coineagle2025/03/14 23:00