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Bitcoin CME futures draw premium for the first time since FTX’s collapse

Shares in Grayscale's Bitcoin trust trade at 36% discount to fund's NAV

The market panic that ensued after the collapse of Sam Bankman Fried's FTX exchange in early November seems to be abating.

The three-month Bitcoin (BTC) futures listed on the Chicago Mercantile Exchange (CME), widely considered a proxy for institutional activity, are drawing a premium over the cryptocurrency's going spot market price for the first time since FTX went bust.

The renewed premium indicates that institutional activity is no longer concentrated on the short . . .

Written by Paul Hough