Grayscale’s Ethereum Trust Discount has narrowed to 13.94%

As of November 10, the discount on Grayscale’s Ethereum Trust has narrowed to 13.94%, according to Coinglass. That's a huge turnaround for an asset that was trading at a 60% discount earlier this year. ETFStore President Nate Geraci believes that the contraction of the discount rate indicates the market’s expectations for the spot Ethereum ETF. Discount Narrow is a real-time indicator similar to "Live Betting Line". Therefore, the likelihood of ETF approval is predicted.