Grayscale Ethereum Trust (ETHE)

[Bullsonmonday]

It's public knowledge that they've been selling private placement at par coin-to-share value to "qualified investors." This is actually happening with most of their funds I believe. There's no reason to long ETHE when Grayscale continues to make backdoor deals that adds to dilution... at least not worth it until the fund is at or under par value. And no, it's not illegal because they've publicly announced precisely what they are up to. People just don't understand what it means or they don't pay attention to the press releases regarding the fund.