Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnAISquareMore
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
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.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

CandyBomb x DEBIT: Trade to share 45,000 USDT

Bitget Announcement2026/09/01 13:00

Bitget Will Support the BounceBit (BB) Contract Swap

Bitget Announcement2026/09/01 08:00

Hold USDGO for dual perks, earn up to 30%+ APR!

Bitget Announcement2026/09/01 02:00