Despite investor fretfulness about FTX fallout and macroeconomic uncertainty, bitcoin climbed near $17K; Grayscale's digital asset trusts are trading at a deep discount, as are others. JPRubin23 and TheSamReynolds write
Bitcoin, ether and other major cryptocurrencies swung upward despite ongoing concerns about FTX fallout and macroeconomic uncertainties.Grayscale's other digital asset trusts don't have as much institutional interest as GBTC, which trades a serious discount but is still being scooped up by Cathie Wood's ARK.
"People are nervous now," John Peurifoy, co-founder and CEO of crypto brokerage firm Floating Point Group."They're nervous about where the contagion goes, what counter-parties they're working with. Can they put money in different places? Are they going to lose it? So people are cautious."
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