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CoinGape
2024-01-23 02:57:17

FTX’s $1B Grayscale ETF Sale Linked to Major Outflows: Report

FTX’s $1B Grayscale ETF Sale Linked to Major Outflows: Report

The now-bankrupt exchange FTX has reportedly offloaded nearly $1 billion of shares in Grayscale’s Bitcoin Trust (GBTC). This massive sell-off revealed through confidential data and anonymous sources, is part of FTX’s ongoing bankruptcy process. The exchange aimed to liquidate its holdings to aid in reimbursing its creditors, having disposed of all 22 million shares it The post FTX’s $1B Grayscale ETF Sale Linked to Major Outflows: Report appeared first on CoinGape .

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