Grayscale's next layup

If you've been paying some attention, Grayscale funds have been significantly outperforming their NAV's during this crypto bull run, particularly funds with low floats. I made a post about it last year (apparently I can't add links even if it's to another post in the same sub) and they have since skyrocketed. No need to read the entire post but the moral of the story is that these funds are closed ended and the market can decide what they are worth rather than following the underlying assets, because of this funds with extremely low floats are trading at many multiples higher than they should be. Some examples,

GLNK-469k shares trading@$145, 52-week high of $220

FILG-648k shares trading@$270, 52-week high of $395

GSOL-1m shares trading@$433, 52-week high of $580

There are many more but you get the point. These funds also hit their 52-week highs around the same time BTC was breaking through its all time high which I think is going to continue happening for the rest of this year, albeit with volatility.

Now to the play, DEFG. A fund that holds "a basket of decentralized finance applications" was recently added to otc markets with 233k shares trading. When these funds are in private placement they can only be traded at NAV so when they are initially released to the open market there is no premium or discount, these private placement shares are locked for a year so a very small amount of volume could eat through the order book in an instant causing the premium to skyrocket. If it begins trading with the same premium as FILG it would be $720 and over $1300 at its 52-week high! I recently bought a measly 50 shares and the price jumped 16%, seriously, the float is that small.

Disclosures: i'm an idiot who eats exclusively gray crayons now.

TLDR; Grayscale runs their funds so poorly that they can trade at a discount or premium, some are trading at 2000+% premiums. DEFG is a fund that was recently released otc so it's currently trading near NAV and primed for a pump.