Cryptocurrencies
Crypto Trust’s 50% Price Collapse Highlights Liquidity Hazard
- Grayscale Ethereum Trust has tumbled more than 50% this week
- Net asset value premium had surged more than 800% since launch
Photographer: Tomohiro Ohsumi/Bloomberg
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Cryptocurrency enthusiasts are getting a reminder of the risks that remain in digital assets even while using structured investment vehicles.
The price of the Grayscale Ethereum Trust, which invests in the the world’s second-largest cryptocurrency, has tumbled more than 50% this week even though the value of the token has increased slightly.