FTX Gets Court Approval to Sell $873M Worth of Grayscale

Nov 29, 2023  · The FTX estate was granted approval to sell its trust assets, including shares of Grayscale and Bitwise investment funds worth roughly $873 million, according to a Delaware …


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FTX Gets Court Approval To Sell $873M Worth Of Grayscale

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Nov 29, 2023  · The FTX estate was granted approval to sell its trust assets, including shares of Grayscale and Bitwise investment funds worth roughly $873 million, according to a Delaware …

coindesk.com

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

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Nov 30, 2023  · A recent court ruling has granted FTX permission to sell approximately $873 million worth of assets held in trust. Around $700 million of these assets are from Grayscale's …

financemagnates.com

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FTX Wins Approval To Sell Its Grayscale And Bitwise Trust Assets

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Nov 30, 2023  · 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 …

cryptopolitan.com

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

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Nov 30, 2023  · The Grayscale Bitcoin Trust accounts for $807 million of the assets, while custody service provider Bitwise accounts for the remaining $66 million. The approval came from a …

insidebitcoins.com

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

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Nov 30, 2023  · The greenlight to sell these assets was given by a Delaware bankruptcy court. Its value had recently increased to a total of $873 million as of 25 October. The move follows the …

coinnews.com

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FTX Gets Court Approval To Sell $873M Worth Of Grayscale, …

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Nov 29, 2023  · FTX held shares of five Grayscale Trusts totaling $691 million and one Bitwise trust, amounting to $53 million as of Oct. 25, according to an earlier court filing.

coindesk.com

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FTX Scores Approval: Cleared To Sell $873 Million In Assets To …

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FTX To Liquidate $873 Million In Crypto Trusts. Based on court records, FTX intends to sell the assets in a way that optimizes value while avoiding market disruption for the digital …

bitcoinist.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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Nov 30, 2023  · FTX Cleared to Sell $837M Shares in Grayscale and Bitwise Trusts. According to a bankruptcy court filing dated November 29, FTX has been given the green light to sell its …

dailycoin.com

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FTX Gets Courts Greenlight To Sell $873 Million In Assets

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Nov 30, 2023  · A Delaware bankruptcy court has approved to allow FTX, a bankrupt crypto exchange, to sell $873 million in trust assets which will be used to pay back creditors.. The …

coinpaprika.com

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

2 weeks from now

Nov 30, 2023  · A recent court ruling has granted FTX permission to sell approximately $873 million worth of assets held in trust. Around $700 million of these assets are from Grayscale's …

tradingview.com

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FTX To Sell $873 Million Worth Of Assets In Move To Repay Creditors

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Nov 30, 2023  · FTX got a chance to revive, and the bankruptcy process may get a twist with the Delaware court’s nod to liquidate about $873 million in trust assets. But how can that help …

coinpedia.org

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

2 weeks from now

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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#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

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#MicroStrategy Hits 446,400 BTC Despite Stock Slump - YouTube

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MicroStrategy now holds 446,400 BTC worth $42B, doubling down on its Bitcoin strategy even as MSTR stock drops 36% from its all-time high. Will Saylor’s bold...

youtube.com

FAQs about FTX Gets Court Approval to Sell $873M Worth of Grayscale 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. ...

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 sell its trust assets?

Bankrupt crypto exchange FTX has been given the green light to sell around $873 million of trust assets, with proceeds used to repay creditors impacted by the exchange’s collapse in 2022, according to a Nov. 29 filing in a Delaware bankruptcy court. ...

Will FTX sell GBTC & Ethe?

The approval comes nearly four weeks after FTX debtors filed a motion to Judge John Dorsey on Nov. 3 requesting the sale of the six cryptocurrency trusts, including the Grayscale Bitcoin Trust (GBTC), Grayscale Ethereum Trust (ETHE) and Bitwise 10 Crypto Index Fund. ...

Did FTX enlist galaxy to manage its digital assets?

FTX had earlier enlisted Galaxy to manage its extensive digital asset holdings. As of October 25, FTX’s trust assets comprised shares in various Grayscale funds, such as the Grayscale Bitcoin Trust (GBTC) and a Bitwise crypto index fund, valued at $744 million, according to a court document filed on November 3. ...

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