[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  Jeff Walton [@PunterJeff](/creator/twitter/PunterJeff) on x 53.2K followers Created: 2025-07-09 15:05:03 UTC No, the IPO’s of these products were priced as if they were distressed debt, when in fact they are investment grade. The market is recalibrating. It’s not that surprising that they have performed well. Since $STRK launch, $STRK is up XX% $IBIT + X% $MSTR + XX% Since $STRF launch, $STRF is up XX% $IBIT is + XX% $MSTR is + XX% These are credit instruments, getting repriced by credit markets and credit standards. XXX engagements  **Related Topics** [mstr](/topic/mstr) [strk](/topic/strk) [$mstr](/topic/$mstr) [investment](/topic/investment) [debt](/topic/debt) [$strk](/topic/$strk) [coins defi](/topic/coins-defi) [coins lending borrowing](/topic/coins-lending-borrowing) [Post Link](https://x.com/PunterJeff/status/1942963216394617214)
[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]
Jeff Walton @PunterJeff on x 53.2K followers
Created: 2025-07-09 15:05:03 UTC
No, the IPO’s of these products were priced as if they were distressed debt, when in fact they are investment grade.
The market is recalibrating.
It’s not that surprising that they have performed well.
Since $STRK launch, $STRK is up XX% $IBIT + X% $MSTR + XX%
Since $STRF launch, $STRF is up XX% $IBIT is + XX% $MSTR is + XX%
These are credit instruments, getting repriced by credit markets and credit standards.
XXX engagements
Related Topics mstr strk $mstr investment debt $strk coins defi coins lending borrowing