Bitcoin Pure Form to Grayscale ETHE Pair Trade Update (Patreon)

Was asked about this - a quick update on the $BTC to $ETHE (NOT $ETH) pairtrade

As you know, I was excited about the 55% $ETHE discount, and after seeing the discount begin to dissipate, I decided to buy in. When I bought in, 3180 shares of GBTC were equivalent to one bitcoin. Today, that number is down to 2690 shares. At the time of purchase, bitcoin was trading at $28,307 and ETHE was trading at under $8. Today, my ETHE position is worth 36,000 USD, while Bitcoin is trading at 30,300 USD. I am sharing this example to illustrate the concept of pair trading.