2min chapter

Forward Guidance cover image

Crypto’s 2023 “Health Check” | Vance Spencer

Forward Guidance

CHAPTER

What's the Difference Between a Premium and a Discount?

Grace Hill Bitcoin trust traded at a premium and then it traded at a discount. Which of those two premium or discount was an arbitrage opportunity? And which of those two sort of burned people in the space? "I think that Three Arrows still owes DCG and Genesis like $600 million"

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