Aliens TLDR

Before the appearance of Bitcoin futures exchange-traded funds, the majority of institutional investors received exposure to the cryptocurrency market via private funds like Grayscale, but during the correction of the crypto market , the fund lost all of its gains and even entered a discount zone, which is now rapidly shrinking .

Grayscale saw a shrinking of the existing discount of almost 8%, which could be the ultimate indicator of an upcoming bounce on the cryptocurrency market as institutions gained exposure to crypto after dropping their bags when Bitcoin was tumbling from $30,000 to almost $17,000.