Grayscale Ethereum Trust is solely and passively invested in Ethereum, enabling investors to gain exposure to ETH in the form of a security while avoiding the challenges of buying, storing, and safekeeping ETH directly.
Why look at Grayscale?
Insight on demand for indirect investment
As mentioned in the definition, Grayscale provides exposure to ETH while providing trading and security services and could be traded like any other securities. In addition, funds or trusts like Grayscale has limitation in fluent trading such as a lock-up period.
Utilizing this feature, keeping track of how much BTC Grayscale's ETH fund holds provides the closest meaning in finding out the degree of needs for especially certified institutional U.S. investors.
Insight on a different degree of demand between direct & indirect investment
ETHE premium or Discount shows the difference of need between indirect & direct investment through comparing respective prices. Difference between the price in exchange and trading ETHE stocks, it is natural to assume the premium or discount with its demand.