According to Bloomberg, FTX’s new CEO John J. Ray III said that while Alameda’s business records may be incomplete, some Grayscale stocks were found: Alameda creditors own at least 22,166,720 shares of Bitcoin Trust (GBTC) and at least 6,318,384 shares The Ethereum Trust (ETHE), as of March 3, 2023, Alameda's stake in the trust is worth approximately $290 million if sold on the secondary market. And the FTX/Alameda balance sheet released by Sam Bankman-Fried in November only lists about $3.3 million in GBTC. Bloomberg stated that if Grayscale wins the lawsuit and successfully converts into an ETF, FTX/Alameda will be able to redeem or sell at a price close to the net asset value, and FTX's lawsuit is irrelevant. Foresight News previously reported that Alameda has filed a lawsuit against Grayscale, demanding a reduction in management fees and allowing redemptions.