Comparing Bitcoin Versus Grayscale Ethereum Trust Reveals New Low
By CryptocurrenciesChannel Staff, 9/17/2024
Here at CryptocurrenciesChannel.com, we find it interesting to track various ETF and stock prices versus various digital assets over time.
We noticed that as of 9/17/2024, Bitcoin ($BTC) can buy you the most amount of Grayscale Ethereum Trust shares, in the past year. For example, if you had 1 Bitcoin coin and wished to buy shares of ETHE with the proceeds, you would now be able to buy 3025.64 shares of ETHE. That's versus a low amount of 1791.42 shares over the trailing twelve months. Here's how this relationship looks charted, over the past year:
The main driver of the above bar chart has, of course, been the performance of Grayscale Ethereum Trust shares, relative to the performance of Bitcoin; and here's how the two compare over the past year on a total return basis:
Check out our Bitcoin historical price chart and Grayscale Ethereum Trust vs Crypto pages for additional charts. Note that any stock splits and/or dividends are included when we calculate the ETHE returns.
Be sure to follow us at CryptocurrenciesChannel.com for more interesting stock market vs. digital asset comparisons!
Cryptocurrencies Channel | www.CryptocurrenciesChannel.com | Copyright © 2021 - 2024, All Rights Reserved
Nothing in CryptocurrenciesChannel.com is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Stock quote data delayed at least 15 minutes; stock quote data powered by Ticker Technologies and Mergent.