Do you think GBTC or ETHE is a better investment right now? They're both grayscale products but with different circumstances.
GBTC:
GBTC Got denied being turned into an ETF by SEC. Grayscale is sueing the SEC but the outcome might take up to two years. I feel like on the one hand this will tank GBTC even more so than ETHE and/or will keep its price growth down/widen the discount in comparison to BTC and ETH or ETH derived products like ETHE. On the other hand GBTC tanking more than ETHE could be a good buying opportunity.
ETHE:
If GBTC isn't going to become an ETF then no way in hell does ETHE have any chance either. However we knew that if ETHE was going to become an ETF that it would do so at a later time than GBTC and with this lawsuit it's possible by the time a conclusion, if favorable, that ETHE becomes an ETF shortly after GBTC.
With the ETH merge ETHE could also see a higher growth than BTC/GBTC and be a better overall investment.
Thoughts?
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