Grayscale Ethereum Trust: Invest In Ethereum At A Discount

Ethereum, the second largest cryptocurrency by market cap, is the world's first widely used blockchain. If it reaches its potential, it will represent a paradigm shift for commerce.NFTs are an inflection point for Ethereum as more people use the blockchain to transact and creators earn in ETH. Once DeFi products are layered on, adoption should skyrocket.ETHE currently trades at an ~8% discount to NAV, including the 2.5% management fees. ETHE should trade at a premium to NAV given qualitative considerations, such as cybersecurity concerns.We are bullish on Ethereum and believe ETHE provides an interesting way to hold the asset for investors with a long-term horizon.