Ethereum: Are whales moving away from ETH?
Institutions remain keen However, the Grayscale Ethereum Trust premium gap, previously at -59.49% in December 2022, narrowed due to institutional buying, positively impacting ETHs trajectory. The Grayscale Ethereum Trust premium gap refers to the difference between the market price of Ethereum (ETH) and the price at which the Grayscale Ethereum Trust (ETHE) shares are valued. A negative premium indicates that ETHE shares are trading below the market value of ETH. In December 2022, the premium gap was at -59.49%, suggesting that ETHE shares were significantly undervalued compared to the actual price of ETH. Makatotohanan o hindi, narito ang market cap ng ETH sa mga tuntunin ng BTC The narrowing of this premium gap is attributed to institutional buying, which means that institutional investors were acquiring ETHE shares. When institutions invest in trust products like Grayscale, it often reflects confidence in the underlying asset, in this case, Ethereum.