Grayscale Bitcoin Trust (GBTC) and Grayscale Ethereum Trust (ETHE) can now be purchased and sold through the Robinhood app.
GBTC and ETHE are stock-like investment items that allow investors to have a piece of Bitcoin and Ethereum without having to buy them. In exchange for a management fee, investment firm Grayscale takes care of the custody, and buyers obtain a share or stock of Bitcoin or Ethereum—or something similar.
GBTC and ETHE, however, are theoretically linked to the price of the underlying cryptocurrency, but they rarely trade 1:1.
As of Friday, according to Ycharts statistics, ETHE is selling at a discount of 26.18 percent, making it 26 percent cheaper to buy ETHE than Ethereum. In contrast, GBTC is currently trading at a 25.5 percent discount.
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