Long
Grayscale Trust Update: October 9, 2023
$OTC:GBTC is looking like a better long here largely on the basis of a weakening 
ETHBTC
ETHBTC Note
Legend - Light blue: ETH/BTC
Dark blue: ETHE/GBTC
Orange: Implied ETH/BTC based on ETHE/GBTC valuations
Green: (1-ETHE DISCOUNT) / (1-GBTC DISCOUNT); ie 1.00 means ETHE and GBTC are both trading at the same discount to NAV
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.