Grayscale investment funds outshine Bitcoin, Ethereum in 2023 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.
Analyst 
James Van Straten
James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century's paramount invention.
In this insight
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).