$ETHE at >20% discount to NAV seems to have a good risk reward profile with rumors of Spot ETH ETF approval in HK next week and JPM & Blackrock saying Spot ETF ETF approval is just a matter of time https://ycharts.com/companies/ETHE/discount_or_premium_to_nav
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It’s interesting to see ETH underperform and ETH/BTC trading at range lows while the world’s largest asset manager is building on the L1 and seeing strong demand for their product https://www.theblock.co/post/285142/new-blackrock-tokenized-fund-garners-160-million-in-deposits
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