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Grayscale investment funds outshine Bitcoin, Ethereum in 2023
Investors reap higher returns with Grayscale's ETHE and GBTC in 2023
This article was published 3 years ago. Some details may no longer reflect current market conditions or recent developments. If you spot anything that needs an update, contact us.
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.
Market Cap $272.43B
24H Volume $19.81B
