Fear is spreading...

The Grayscale Bitcoin Investment Trust, which trades under ticker symbol GBTC has never been cheaper than it is right now relative to assets.

Currently the fund trades at a 50% discount to its bitcoin holdings.

Check it out:

(Source: https://cointelegraph.com/news/gbtc-bitcoin-discount-nears-50-on-ftx-woes-as-investors-stock-up)

This is implying that investors are worried there is going to be some impact from the FTX blow up.

As far as I understand the way the trust operates is that it is completely walled off from any of DCG's other businesses and won't be impacted.

If that is indeed the case it might make sense to buy bitcoin at $16k with a 50% discount via the fund... though there is significant risk in doing so...

If Grayscale wins their lawsuit against the SEC this gap will close almost instantly.