Shares in Grayscale Investments’ Ethereum Investment Trust, or ETHE, are trading at a 750% premium over the market rate of their underlying asset on the secondary markets, according to data published by crypto analysis firm Messari.
The premium on Grascale’s fund has aggressively widened since the start of the year, with ETHE shares trading at 220% the spot price of Ether (ETH) in February.