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Cryptopolitan
2024-02-16 21:06:02

Genesis cleared to sell its $1.6 billion GBTC shares

Genesis cleared to sell its $1.6 billion GBTC shares

A U.S. bankruptcy judge recently granted permission to Genesis, a bankrupt crypto trading desk and lender, to sell approximately $1.6 billion worth of its shares in Grayscale Bitcoin Trust (GBTC), Grayscale Ethereum Trust (ETHE), and Grayscale Ethereum Classic Trust (ETCG). This decision is part of Genesis’ strategy to repay its creditors following its Chapter 11

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