On July 5th, according to YCharts data, on July 3rd, ETHE's premium to net asset value reached 0.31%. Before the launch of the Ethereum Spot ETF in the United States, it is expected that ETHE will no longer trade at a negative premium. Over the past three years, ETHE has been trading at a negative premium, but on July 3, ETHE's premium to NAV reached 0.31%. Since the crypto bear market bottomed in December 2022, ETHE has been trading at a negative premium, and with the launch of a Bitcoin ETF in January, speculation around the Securities Exchange Commission's approval of a spot Ethereum ETF has increased. Grey release ETHE currently manages $9.50 billion in assets.