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%. Recent events have led Grayscale Bitcoin Trust to become potentially the single biggest risk to the Bitcoin market.
Guest: Greg Foss - Executive Director l Validus Power Corp
Follow Greg on Twitter ➜ https://twitter.com/foss_sammy
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