Grayscale's Retail Customers Avoid Crypto Exchanges but Pay 400% Premium

[crypto1010]

Each share of Grayscale's Ethereum Fund is backed by only 0.095 ETH, which is equal to less than $15 at ETH's current price.

However, shares of Grayscale's Ethereum Fund trade at $80 on the OTC stock market. This means that there are still people out there paying 5 times ETH's real price, just because they don't want to make an account on cryptocurrency exchanges.