FAQs Frequently Asked Questions
Crypto Report
Does the Grayscale ETHE stock mimic ETH price well enough to consider as a worthy proxy? Or just pass on it.
Q: Dr. K - Does the Grayscale ETHE stock mimic ETH price well enough to consider as a worthy proxy? Or just pass on it.
A: ETHE premiums have widely varied which affects the way ETHE correlates to ETH. When premiums peak, sometimes well beyond 200-300% premiums, ETHE tends to greatly underperform ETH. Likewise, when ETHE premiums have trended below 50-100% which is historically below the average for ETHE, then ETHE often outperforms ETH.
A: ETHE premiums have widely varied which affects the way ETHE correlates to ETH. When premiums peak, sometimes well beyond 200-300% premiums, ETHE tends to greatly underperform ETH. Likewise, when ETHE premiums have trended below 50-100% which is historically below the average for ETHE, then ETHE often outperforms ETH.
| First published: | 1 Mar 2021 |
| Last updated: | 1 Mar 2021 |