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$ 89,294.92 0.15%
ETH/USD$ 3,017.65 3.71%
USDT/USD$ 0.999388 0.10%
SOL/USD$ 209.88 2.17%
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PEPE/USD$ 0.000022 3.17%
WETH/USD$ 3,017.24 3.66%
LINK/USD$ 13.32 0.80%
BCH/USD$ 421.37 0.90%
DOT/USD$ 5.01 2.19%
LEO/USD$ 7.56 1.34%
NEAR/USD$ 5.32 2.78%
LTC/USD$ 81.96 0.05%
APT/USD$ 11.49 0.26%
WEETH/USD$ 3,175.13 3.69%
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CRO/USD$ 0.161133 2.92%
XLM/USD$ 0.135273 2.92%
ICP/USD$ 8.28 0.92%
WIF/USD$ 3.74 6.54%
TAO/USD$ 498.27 1.29%
ETC/USD$ 22.55 2.71%
KAS/USD$ 0.131859 9.17%
DAI/USD$ 0.997374 0.30%
FET/USD$ 1.23 3.54%
WBT/USD$ 22.22 0.20%
USDE/USD$ 1.00 0.20%
POL/USD$ 0.357142 1.85%
BONK/USD$ 0.00004 6.18%
STX/USD$ 1.82 2.61%
XMR/USD$ 144.20 0.87%
OKB/USD$ 43.35 0.97%
HBAR/USD$ 0.069059 5.44%
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FIL/USD$ 4.17 6.04%
AAVE/USD$ 160.27 1.95%