Updated @ 9AM & 4PM EST. Last Updated 2022-05-27 16:00:17

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 (%)
GDLC Grayscale Digital Largecap Trust 10.23 47.04 -78.24
ETCG Grayscale Ethereum Classic Trust 9.20 19.51 -52.84
GXLM Grayscale Litecoin Trust 3.38 5.62 -39.86
BITW Bitwise 10 Crypto Index Fund 15.80 25.91 -39.02
ETHE Grayscale Ethereum Trust 11.74 17.53 -33.03
GBTC Grayscale Bitcoin Trust 18.69 26.80 -30.26
BCHG Grayscale Bitcoin Cash Trust 1.17 1.59 -26.73
HZEN Grayscale Horizen Trust 1.55 1.73 -10.40
GXLM Grayscale Stellar Lumens Trust 10.95 11.19 -2.14
ZCSH Grayscale Zcash Trust 7.70 7.71 -0.13

Bitwise Details

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

Ticker Units of Crypto Per Each Share Outstanding Id Price
ADA 1.0107606 cardano 0.457625
ATOM 0.0092332 cosmos 9.420000
AVAX 0.0084488 avalanche-2 22.150000
DOT 0.0349420 polkadot 9.260000
ETH 0.0037975 ethereum 1760.690000
LINK 0.0145705 chainlink 6.380000
MATIC 0.2179829 matic-network 0.582329
SOL 0.0105115 solana 41.950000
XBT 0.0005994 bitcoin 28970.000000
XLT 0.0022076 litecoin 62.400000

Grayscale Digital Large Cap Details

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

Ticker Units Per Share Id Crypto Price
XBT 0.0003942 bitcoin 28970.000000
ETH 0.0024901 ethereum 1760.690000
SOL 0.6906322 solana 41.950000
ADA 0.0070360 cardano 0.457625
AVAX 0.0056289 avalanche 22.150000
DOT 0.0207626 polkadot 9.260000
XLT 0.0015010 litecoin 62.400000
BCH 0.0100583 bitcoin cash 176.560000
LINK 0.0003995 chainlink 6.380000
UNI 0.0147208 uniswap 4.710000

Other Grayscale Details

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

Ticker Units Per Share Id Crypto Price
GBTC 0.0009250 bitcoin 28970.000000
BCHG 0.0090075 bitcoin cash 176.560000
ETHE 0.0099561 ethereum 1760.690000
LTCN 0.0900753 litecoin 62.400000
ETCG 0.8601959 ethereum-classic 22.680000
HZEN 0.0910554 zencash 18.980000
GXLM 91.8195096 stellar 0.121912
ZCSH 0.0892890 zcash 86.360000

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