Foreign media: Court approves Genesis’ sale of GBTC shares worth US$1.3 billion

Court approves Genesis’ sale of $1.3 billion worth of GBTC shares. (Bloomberg) As previously reported in February, Genesis Global Capital, a subsidiary of Digital Currency Group, has filed a new motion with the U.S. Bankruptcy Court for the Southern District of New York, seeking authorization to sell approximately $1.6 billion in Grayscale Trust assets. Documents show that assets held by Genesis include Grayscale GBTC shares worth approximately $1.4 billion, Grayscale Ethereum Trust Fund (ETHE) shares worth approximately $165 million, and Grayscale Ethereum Classic Trust Fund worth approximately $38 million. (ETCG) share.