FTX wins approval to sell its Grayscale and Bitwise trust assets

Nov 30, 2023  · FTX approved to sell over $800 shares. FTX had earlier enlisted Galaxy to manage its extensive digital asset holdings. As of October 25, FTX’s trust assets comprised …


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FTX Wins Approval To Sell Its Grayscale And Bitwise Trust Assets

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Nov 30, 2023  · FTX approved to sell over $800 shares. FTX had earlier enlisted Galaxy to manage its extensive digital asset holdings. As of October 25, FTX’s trust assets comprised …

cryptopolitan.com

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FTX Given Green Light To Sell $873M Worth Of Assets - Finance …

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Nov 30, 2023  · The authorization was prompted by a motion filed by FTX's debtors on November 3, requesting the sale of six cryptocurrency trusts, including the GBTC, Grayscale Ethereum …

financemagnates.com

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FTX Wins Approval To Sell $873 Million Of Grayscale, Bitwise Assets

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Nov 30, 2023  · FTX has received approval from a bankruptcy court to start selling up to $873 million worth of assets in Grayscale and Bitwise investment trusts. The Grayscale Bitcoin Trust …

insidebitcoins.com

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FTX Approved To Sell $873 Million Worth Of Trust Assets

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Apr 19, 2024  · The Delaware court has given its approval for FTX to initiate the sale of trust assets belonging to Grayscale and Bitwise, currently valued at around $873 million. As per …

bitforum.net

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FTX Cleared To Sell $837M Grayscale And Bitwise Shares

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FTX cleared to sell its holdings in Grayscale and Bitwise crypto trusts ahead of “forthcoming dollarized distributions to creditors.”

cryptopanic.com

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FTX To Sell $873M In Assets For Creditor Payback | CoinNews

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Nov 30, 2023  · The move follows the 3 November request made by FTX debtors to sell six cryptocurrency trusts, including Grayscale’s Bitcoin and Ethereum trusts and Bitwise’s Crypto …

coinnews.com

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FTX Authorized To Sell $837M In Grayscale And Bitwise Shares

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FTX has been granted authorization to carry out the sale of approximately $873 million in fiduciary assets as part of its recovery process.

crypto-economy.com

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FTX Exchange Secures Court Approval To Sell Trust Assets Worth …

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Nov 30, 2023  · Bankrupt crypto exchange FTX gains authorization to sell $873M in assets, including Grayscale and Bitwise shares, to repay creditors. ... FTX Exchange Secures Court …

kryptochannel.com

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FTX Allowed To Liquidate $873M Worth Of Bitwise And Grayscale …

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Nov 30, 2023  · The FTX estates include shares of Grayscale and Bitwise investment funds, now worth roughly $873 million. FTX Trading Ltd. and its affiliated debtors are granted permission …

coinedition.com

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FTX Sold About $1B Of Grayscale's Bitcoin ETF, Explaining

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Jan 22, 2024  · FTX held shares in five Grayscale trusts (as well as almost 3 million shares in a statutory trust managed by ETF provider Bitwise) in a brokerage account at ED&F Man Capital …

coindesk.com

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FTX Given Green Light To Sell $873M In Assets Managed By …

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Nov 30, 2023  · FTX's Grayscale Trust Assets Cleared for Sale . FTX's holdings in Grayscale, notably 22 million units of GBTC and 6.3 million shares of ETHE comprise a substantial …

tradingview.com

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FTX Scores Approval: Cleared To Sell $873 Million In ... - Bitcoinist

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Grayscale arranged and administered trusts for the buyers, so they did not own the actual currency. The $873 million in assets will come from FTX’s holdings in a number of trusts …

bitcoinist.com

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FTX Approved To Sell $873 Million Worth Of Grayscale And Bitwise …

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Nov 30, 2023  · The Delaware court has given its approval for FTX to initiate the sale of trust assets belonging to Grayscale and Bitwise, currently valued at around $873 million. As per …

bitforum.net

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FTX Obtains Authorization To Sell $873 Million Of Grayscale And …

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Nov 30, 2023  · FTX obtains judge’s approval to sell its Grayscale and Bitwise trust companies. Yesterday, a bankruptcy court in Delaware approved the request of “Kroll Restructuring …

cryptonomist.ch

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Bold Move By FTX: Selling Bitwise And Grayscale Assets Worth

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FTX, under bankruptcy proceedings, is authorized to sell shares in Grayscale and Bitwise funds worth approximately $873 million. The sale, overseen by Galaxy, could pave the way for FTX …

binance.com

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FTX Cleared To Sell $873 Million In Grayscale Bitcoin Trust Shares …

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tldr; The article discusses how FTX, a collapsed crypto exchange, has received court approval to sell assets held in digital trusts from Grayscale and Bitwise, valued at nearly $873 million. The …

reddit.com

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#Bitcoin Breaks $100K In A Game-Changing 2024 - YouTube

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2024 was huge for crypto. Bitcoin hit $100K, ETFs brought billions, and meme coins plus AI-driven platforms like Pump.Fun stole the spotlight. With Bitcoin h...

youtube.com

FAQs about FTX wins approval to sell its Grayscale and Bitwise trust assets Coupon?

Will FTX recoup money from grayscale & bitwise?

FTX won approval from a bankruptcy court to sell trusts it owns from Grayscale and Bitwise, now worth $873 million, to recoup funds for FTX creditors. ...

How much of ftx's trust assets come from grayscale?

Nearly $700 million of the $873 million trust assets allowed to be sold by FTX comes from Grayscale’s flagship product, the Grayscale Bitcoin Trust. ...

Will FTX sell its trust assets?

FTX has been approved by the court to sell its trust assets in Grayscale and Bitwise. Galaxy’s role in the exchange’s recovery. FTX estate has received approval from a Delaware bankruptcy court to sell trust assets, including approximately $873 million worth of shares in Grayscale and Bitwise investment funds. ...

How much money will FTX invest in cryptocurrencies?

The $873 million in assets will be sourced from FTX’s stakes in various trusts issued by crypto asset manager Grayscale Investments, valued at $807 million, and custody service provider Bitwise, valued at $66 million. ...

Will FTX's bankruptcy affect BTC's price?

BTC's price has fallen since bitcoin ETFs were approved. In theory, now that FTX is done selling its substantial holdings, the selling pressure could ease since a bankruptcy estate liquidating holdings is a relatively unique event. ...

How much money has FTX recovered?

So far, around $7 billion in assets has been recovered, with nearly half coming from cryptocurrencies ($3.4 billion). In June, FTX’s debtors estimated the total amount of customer assets misappropriated was $8.7 billion. Related: FTX Foundation staffer fights for $275K bonus promised by SBF ...

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