Ethereum

United

Bitcoin

Grayscale Bitcoin Trust

Ethereum Classic

Reported by Cointelegraph, a bankruptcy judge will allow Genesis Global Holdco to liquidate roughly $1.3 billion worth of Grayscale Bitcoin Trust (GBTC) shares as part of efforts to reimburse investors.
In a Feb. 14 hearing for United States District Court for the Southern District of New York conducted via Zoom, Judge Sean Lane signed off on an order allowing Genesis to sell off part of its investments from Grayscale. February court filings suggested that Genesis held roughly $1.6 billion worth of shares of GBTC, Grayscale Ethereum Trust (ETHE) and Grayscale Ethereum Classic Trust (ETCG).
Genesis said it held roughly 35 million GBTC shares and 11 million ETHE and ETCG shares as part of its bankruptcy filings. Grayscale filed a limited objection to the plan for the firm to liquidate the trust assets on Feb. 9, claiming the sales were “subject to written approval” by the investment firm but did not intend to “delay, impede, or obstruct the Debtors’ sale or transfer of Trust Assets.”

U.S. Court Allows Genesis to Liquidate $1.3B Worth of GBTC Shares

TokenInsight

Các bài viết khác được xuất bản trên 15 thg 2, 2024

Top 20 Shiba Inu Whale Sells $15M SHIB, Buys Retik Finance (RETIK) and Ethereum (ETH) Instead

Will the Bitcoin (BTC) Price Hit $55k This Weekend?

Google Introduces Internal AI Model ‘Goose’ to Boost Code Writing Efficiency

Phala Network: What is DePIN?

Chainlink’s Price Surge and Strategic Positioning

$WIF Up 100% as $DOGE Fails to Impress; New Memecoins Steal the Spotlight in 2024

Tham gia bản tin miễn phí của chúng tôi để cập nhật tin tức về tiền điện tử hàng ngày!