How to reproduce:
1. Create and open a new project
2. Create a Sphere and make a Prefab of it in the Project tab
3. Disable the Scene view Grid in the toolbox at the top of the Scene view
4. Click on the Camera icon on the toolbox at the top of the Scene view
5. Set the Camera FOV to 4 (the lowest value)
6. Drag the Prefab into the Scene
7. Observe the Scene view

Expected result: Sphere is instantiated a decent distance away from the Camera
Actual result: The Sphere is instantiated very close to the Camera

Reproducible in: 2022.3.56f1, 6000.0.36f1, 6000.1.0b4, 6000.2.0a1

Reproduced on: Windows 11 Pro (23H2)
Not reproduced on: No other environment tested

Notes:
- Also reproducible on the perpendicular half of the screen to the Grid if it is enabled, but only if the Camera is put exactly on the plane
- The lower FOV value is - the closer the Sphere is going to be to the Camera