Quick Take
- This year’s attention has been on Grayscale Bitcoin Trust due to the ongoing rivalry with the SEC.
- However, GBTC is up 95% year to date while the discount has narrowed to roughly 40%, which was as low as 50% in January 2023.
- In addition, ETHE is up 83% year to date, while the ETHE discount has narrowed to 51%; it was as low as 60% in January 2023.
- Meanwhile, Bitcoin is up 72%, and Ethereum is up 60% yearly.
- A lot of volatility could occur next week, with the Shanghai upgrade looming.
- CryptoSlate did a thorough deep dive into the options market on the possible impact the upgrade could have on the token price of Ethereum.
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