Grayscale Discount Continues to Narrow as Spot Bitcoin, Ether ETF Euphoria Works Through Markets

Bitcoin (BTC) began the trading week in Asia above $37,000 and ether (ETH) above $2,000, with prices little changed from an exchange-traded fund rally that closed last week, helping narrow the discount on the Grayscale Bitcoin Trust (GBTC) to levels not seen since July 2021.

Crypto traders will likely have their eye on Core Consumer Price Index data and U.S. retail sales data, scheduled to be released later this week, along with speeches by New York Fed President John Williams, which should give clues into where interest rates are going.

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