https://ycharts.com/companies/ETHE/discount_or_premium_to_na...
Aside: Seems covid is accelerating understanding & adoption of crypto.
I remember when I couldn't perform a wire transfer for a full week back in March '20 - at one of the most reputable banks globally. I lost money due to this. Never again.
Can you explain this in more detail?
In Swift it's common to specify a routing/intermediary entity which usually is a bigger bank or a branch in NYC/London to work around this mess. And surprise, you get terrible FX rates and magic fees on both ends. One transaction this year across my own accounts took 4 business days and cost ~$40, within the same continent across two top 10 banks. Now I do everything with TransferWise and it's much better. Hopefully soon I'll just use crypto. It's my own hard earned money, damnit. Fingers crossed.
The NAV of the fund is $100. A premium of 100% means that the fund is trading at $200.
This means that there is an arbitrage opportunity: https://medium.com/amber-group/grayscale-gbtc-and-ethe-arbit...
Offers a bit more explanation than the parent link.
> Grayscale Ethereum Trust is solely and passively invested in Ethereum, enabling investors to gain exposure to ETH in the form of a security while avoiding the challenges of buying, storing, and safekeeping ETH directly.