Can Genesis sell GBTC?

According to the Wednesday hearing, the bankrupt lender — through Chapter 11 — is able to decide how to sell the assets and can work with a broker to make decisions on the sales. Genesis filed a motion to sell around $1.3 billion of GBTC, as well as its shares in Grayscale’s Ethereum Trust (ETHE) and Grayscale’s Ethereum Classic Trust (ETCG).

Did Genesis Global sell $1.6 billion in grayscale cryptocurrency trust shares?

REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing Rights NEW YORK, Feb 14 (Reuters) - Bankrupt crypto lender Genesis Global on Wednesday received permission from a U.S. court to sell about $1.6 billion in Grayscale cryptocurrency trust shares as part of its effort to repay creditors.

Did Genesis sell GBTC shares in bankruptcy?

Get exclusive reports and access to key insights on airdrops, NFTs, and more! Subscribe now to Alpha Reports and up your game! A U.S. bankruptcy judge has granted bankrupt crypto trading desk and lender Genesis permission to sell $1.6 billion worth of its Grayscale Bitcoin Trust (GBTC) shares, according to a court filing.