Grayscale investment funds outshine Bitcoin, Ethereum in 2023

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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