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Bitcoin.com 2024-02-04 16:30:34

Genesis Seeks Court Approval to Offload $1.4 Billion in GBTC Assets Post-SEC Settlement

After reaching an agreement with the U.S. Securities and Exchange Commission (SEC), the bankrupt company Genesis Global Capital has submitted a petition to the bankruptcy court to dispose of holdings from Grayscale’s Bitcoin Trust, Ethereum Trust, and Ethereum Classic Trust. These assets are estimated to be worth approximately $1.59 billion, and the debtors argue that

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