Ethereum
$279.09 3.99%
ETH · 4d

Five signs that Ethereum is having it’s moment right now

Ether (ETH) has more than doubled in value so far this year, with strong fundamentals and increasing numbers of projects being built on the network. Here are five signs from this week that Ethereum’s time may have finally come.

Institutional investors are now paying a 220% premium

Accredited investors are currently paying a 220% premium to buy Ether through Grayscale's Ethereum Trust.

The price of a single share in the Ethereum Trust is currently trading for $81.50 even though one share represents Ether worth just $25.46. Yesterday the premium was even higher, at 312%.

The Grayscale Ethereum Trust has $154.5 million in assets under management and is aimed at institutional investors who are willing to pay a premium to avoid investing directly in cryptocurrency with its attendant custody and regulatory issues.

Some retail investors are also paying over the odds. Coinbase, a major fiat gateway used by  retail investors, has seen Ether trading at a $1 to $1.50 premium over non-fiat exchanges recently, which may indicate additional fiat coming into the market. 

Study finds Ether is a hedge and safe haven asset

The first study to examine Ether’s potential as a "hedge, diversifier or a safe haven asset" on an intraday basis has been released by San Jose State University. It examined the data between December 2017 and December 2018 and concludes that:

"Ethereum crypto-currency is a hedge against the U.S. stock and gold markets. Also, Ethereum tends to behave as a safe haven for gold markets. When currency markets are concerned, we document that Ethereum is a diversifier for the US Dollar."

More research over longer time periods is needed to confirm the findings in other scenarios, but the news will be noticed by investors looking to diversify from stocks, gold or Bitcoin (BTC).

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