The Grayscale Ethereum Trust (GET) saw its negative premium narrow down to 14.20% on January 22, as per the data from Coinglass. The decrease in premium indicates an improvement in the demand for the Trust’s shares relative to the price of Ethereum (ETH).
The primary market price of the Trust was reported to be at US$23.67 per share, while the secondary market price was around US$20.31 per share. The difference between the primary and secondary market prices of a share gives the premium or discount, which in Grayscale Ethereum Trust's case is currently at a negative value of 14.20%.
Grayscale Investments, renowned for its Bitcoin Trust and other cryptocurrency trusts, allows institutional investors to gain exposure to digital assets through a regulated platform. Grayscale Ethereum Trust holds ETH on behalf of investors and offers shares that trade on secondary markets.
According to the latest data provided, Grayscale holds approximately 2.9588 million ETH, which accounts for approximately US$7.201 billion in value. These figures could potentially change with the fluctuations in ETH price and the ongoing adjustments in the holdings of the Trust.