Grayscale’s GBTC Discount Debated Ahead of Possible FTX Sale

Sean Farrell, head of crypto strategy at Fundstrat, echoes Johnsson’s thoughts. “The SEC’s approval of a spot ETF would undeniably aid in ensuring creditors are made whole. We’d witness a more pronounced narrowing of the discount to NAV in GBTC, and it’s probable that crypto asset prices would surge overall, given the positive catalyst.”