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 On May 21, with the potential approval of several spot ethereum exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC), Grayscale’s Ethereum Trust (ETHE) saw its discount to net asset value (NAV) reach its lowest point since 2021.
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 Grayscale Investments, in conjunction with NYSE Arca, has filed for approval from the SEC to convert the Grayscale Ethereum Trust (ETHE) to a spot Ethereum ETF. The Grayscale Ethereum Trust is currently the largest ether investment product in the world, with almost $5 billion in assets under management