The FTX Contagion effects do not even stop at the largest institutional Bitcoin product on the market, the Grayscale Bitcoin Trust (GBTC). As a result of the bankruptcy of Sam Bankman-Fried’s crypto exchange, the discount to the NAV of Grayscale’s GBTC fund has fallen to around -40%.
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BTC/USD$ 62,869.84 1.09%
ETH/USD$ 2,543.82 2.94%
USDT/USD$ 0.999612 0.07%
BNB/USD$ 566.57 0.20%
SOL/USD$ 146.76 2.12%
USDC/USD$ 0.999634 0.10%
XRP/USD$ 0.583559 1.31%
STETH/USD$ 2,543.06 2.99%
DOGE/USD$ 0.104692 1.41%
TON/USD$ 5.59 2.49%
TRX/USD$ 0.151889 0.39%
ADA/USD$ 0.351692 0.64%
AVAX/USD$ 27.18 2.61%
WSTETH/USD$ 2,999.08 2.96%
WBTC/USD$ 62,841.84 0.80%
SHIB/USD$ 0.000014 0.39%
WETH/USD$ 2,543.95 2.93%
LINK/USD$ 11.43 1.48%
BCH/USD$ 334.97 1.94%
DOT/USD$ 4.28 0.51%
LEO/USD$ 5.72 0.31%
DAI/USD$ 0.999753 0.07%
UNI/USD$ 6.74 0.98%
LTC/USD$ 64.85 1.51%
NEAR/USD$ 4.35 2.48%
WEETH/USD$ 2,663.89 3.02%
KAS/USD$ 0.168945 3.48%
FET/USD$ 1.60 5.70%
SUI/USD$ 1.50 11.34%
ICP/USD$ 8.37 2.81%
APT/USD$ 7.25 5.47%
PEPE/USD$ 0.000008 1.18%
XMR/USD$ 176.73 0.54%
TAO/USD$ 407.79 9.48%
FDUSD/USD$ 0.998765 0.44%
POL/USD$ 0.398576 0.51%
XLM/USD$ 0.095634 0.76%
ETC/USD$ 18.94 0.01%
STX/USD$ 1.76 2.42%
USDE/USD$ 0.998772 0.14%
IMX/USD$ 1.57 4.13%
OKB/USD$ 39.08 3.44%
AAVE/USD$ 153.12 0.89%
CRO/USD$ 0.08285 0.79%
FIL/USD$ 3.73 0.28%
ARB/USD$ 0.56934 0.59%
RENDER/USD$ 5.19 0.23%
INJ/USD$ 20.71 0.13%
MNT/USD$ 0.604191 0.72%
OP/USD$ 1.66 2.40%