Grayscale's trust products are showing significant discount rates. Looking at CoinGlass data, GBTC is currently trading at a -23.9% premium, and other products are even more extreme, with ETH at -35.9%, ETC at -55.8%, and LTC at -38.7%. It's interesting how there are such differences even for the same assets. The decline in the Grayscale premium seems to be due to investors' interest shifting toward spot ETFs, reducing the appeal of trust products. For reference, there is still no special ruling news regarding the SEC-related GBTC spot ETF conversion lawsuit. It seems we need to keep an eye on the market to monitor the trend of the Grayscale premium.

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