Updated @ 9AM every trading day. Last Updated 2022-10-26 09:00:55

Exchange traded price versus Net Asset Value (NAV)

A product’s NAV is the value of its underlying holdings. Most exchange traded products trade close to their NAV. This is because Authorized Participants (APs) create new shares or redeem shares in order to keep the trade price close to the NAV. This does not happen with the Grayscale products because they are trusts instead of ETFs, so they can trade significantly above or below their NAV. For a long time they traded significantly above their NAV. Lately, they have been trading significantly below their NAV. It makes sense to keep an eye on the NAV of these products if you are considering buying or selling them.

Symbol Name Price NAV Preminum / Discount (%)
ETCG Grayscale Ethereum Classic Trust 7.63 21.38 -64.31
GXLM Grayscale Litecoin Trust 2.64 5.08 -47.93
BITW Bitwise 10 Crypto Index Fund 10.82 19.49 -44.48
GDLC Grayscale Digital Largecap Trust 7.24 12.86 -43.70
GBTC Grayscale Bitcoin Trust 12.22 18.93 -35.45
ETHE Grayscale Ethereum Trust 10.01 15.10 -33.71
BCHG Grayscale Bitcoin Cash Trust 0.76 1.02 -25.49
ZCSH Grayscale Zcash Trust 3.99 4.84 -17.56
GXLM Grayscale Stellar Lumens Trust 9.51 10.26 -7.31
HZEN Grayscale Horizen Trust 1.13 1.20 -5.83

Bitwise Details

Here are the units and price for the Bitwise-10 product:

Ticker Units of Crypto Per Each Share Outstanding Id Price
ADA 1.0382894 cardano 0.401109
ATOM 0.0089818 cosmos 12.210000
AVAX 0.0090813 avalanche-2 16.970000
DOT 0.0354869 polkadot 6.460000
ETH 0.0037064 ethereum 1523.130000
LINK 0.0151115 chainlink 7.080000
MATIC 0.2680752 matic-network 0.943848
SOL 0.0108941 solana 30.970000
UNI 0.0231556 uniswap 6.690000
XBT 0.0005884 bitcoin 20540.000000

Grayscale Digital Large Cap Details

Here are the units and price for the large cap product:

Ticker Units Per Share Id Crypto Price
XBT 0.0003926 bitcoin 20540.000000
ETH 0.0024795 ethereum 1523.130000
SOL 0.0070062 solana 30.970000
ADA 0.6877055 cardano 0.401109
AVAX 0.0056050 avalanche 16.970000
DOT 0.0206746 polkadot 6.460000
XLT 0.0014946 litecoin 56.640000
BCH 0.0003978 bitcoin cash 114.040000
LINK 0.0100156 chainlink 7.080000
UNI 0.0146584 uniswap 6.690000

Other Grayscale Details

Here are the units and price for each single-strategy product:

Ticker Units Per Share Id Crypto Price
GBTC 0.0009218 bitcoin 20540.000000
BCHG 0.0089694 bitcoin cash 114.040000
ETHE 0.0099139 ethereum 1523.130000
LTCN 0.0896936 litecoin 56.640000
ETCG 0.8565506 ethereum-classic 24.960000
HZEN 0.0906696 zencash 13.280000
GXLM 91.4304045 stellar 0.112173
ZCSH 0.0889106 zcash 54.430000

Sources: