Ethereum Classic Trust (ETCG) trading at ~50%+ discount to NAV
The Grayscale Ethereum Classic Trust (ETCG) stock is trading at a ~50% discount to net asset value (NAV).
We think this could represent an opportunity for clients depending how the markets move over the weekend and want to put this on folks’ radar for next week.
Currently, the stock ETCG is trading at ~$56 and meanwhile its underlying holdings, the cryptocurrency Ethereum Classic (ETC), are trading at $120 on Coinbase and $140 on Robinhood.
The chart below shows the historical price, NAV, and premium/discount to NAV for ETCG. Note, Bloomberg does not update t...Articles Read 1/2
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