Grayscale ETHE negative premium rate narrowed to 1.77%

As Nvidia announces a $500 billion AI financing collaboration, concerns in the bond market over nearly $70 billion in off-balance-sheet debt among AI companies have sharply increased. This structure allows chip giants like Nvidia and Broadcom to guarantee customer debt without recording the liabilities on their own balance sheets. Multiple institutions have warned that this is a pro-cyclical financial engineering practice, and risks could be exposed all at once if the industry turns downward.