ETHE: With Bitcoin ETF Approval, Ethereum Spot ETFs May Be Next

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close-up of ethereum ETH cryptocurrency with cpu chip on printed electronic circuit.

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The SEC’s heavily caveated recent approval of a wave of Bitcoin (BTC-USD) ETFs on January 10 2024, and the expectation that that would happen, have fueled a excitement around crypto assets and mechanically closed what was a material NAV discount from

Scenario ETHE potential upside/downside Probability
May 2024 approval +13% 85%
no May 2024 approval -30% 15%
Expected Return 6.6%

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