Grayscale Ethereum Trust (ETHE) Hits Record 60% Discount; Filecoin & ChainLink Still Up

The failure of the FTX empire, which was formerly the third-largest cryptocurrency exchange in the world, has apparently affected a significant number of crypto firms and products, the ripples of which are still being felt throughout the industry. As a result of the occurrence, the values of cryptocurrencies have significantly decreased, which in turn has negatively impacted the value of Grayscale’s Crypto Trusts. The sequence of events caused a tidal wave of capitulation, which has resulted in the premium rate of the fund going down on a continuous decline, eventually resulting in the current discount rate of 60%.