As the FTX bankruptcy saga continues, advisors for the collapsed crypto exchange have received court approval to sell assets held in digital trusts from Grayscale and Bitwise, which are collectively valued at nearly $873 million as of today.

FTX holds more than 32 million total shares split between five Grayscale trusts—the Bitcoin Trust (GBTC), Ethereum Trust (ETHE), Ethereum Classic Trust (ETCG), Litecoin Trust (LTCN), and Digital Large Cap Trust (GDLC)—and the Bitwise 10 Crypto Index Fund.

The bankruptcy court filing enables FTX’s bankruptcy advisors to sell the trust shares to recover funds to repay creditors, including exchange customers. The shares were collectively valued at $744 million as of an October 25 filing, but are now worth nearly $873 million in total thanks to the recent ris

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Author: Andrew Hayward

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