The investment product’s market price is currently down by 85.26% year-to-date.

The Grayscale Ethereum Trust (ETHE) has been on a steady decline, currently trading at a remarkable 60% discount to Net Asset Value (NAV) – its lowest premium rate since inception. The current metric underlines a general investor capitulation and decline in market sentiment as investors seek to sell off their shares at discounted rates.

(By Ammara)