{"id":87685,"date":"2023-11-30T10:15:00","date_gmt":"2023-11-30T08:15:00","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=87685"},"modified":"2025-09-13T13:24:31","modified_gmt":"2025-09-13T10:24:31","slug":"court-approves-ftx-plan-to-liquidate-grayscale-and-bitwise-shares-worth-744-million","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/court-approves-ftx-plan-to-liquidate-grayscale-and-bitwise-shares-worth-744-million\/","title":{"rendered":"Court approves FTX plan to liquidate Grayscale and Bitwise shares worth $744 million"},"content":{"rendered":"<p>A bankruptcy judge in Delaware<a href=\"https:\/\/restructuring.ra.kroll.com\/FTX\/Home-DocketInfo\"> \u043e\u0434\u043e\u0431\u0440\u0438\u043b \u0445\u043e\u0434\u0430\u0442\u0430\u0439\u0441\u0442\u0432\u043e<\/a> by FTX and affiliated entities to sell Grayscale and Bitwise trust shares worth $744 million.<\/p>\n<p>The corresponding filing<a href=\"https:\/\/u1f987.com\/en\/news\/sale-of-ftx-grayscale-trusts-binance-reserves-and-other-crypto-industry-developments\"> was submitted on November 6<\/a>.<\/p>\n<p>Sales of the stakes will be conducted with a view to \u201cmaximising value and avoiding negative market impact,\u201d according to the filing.<\/p>\n<p>The transactions will involve Grayscale Bitcoin Trust, Grayscale Ethereum Trust, Bitwise 10 Crypto Index Fund, Grayscale Ethereum Classic Trust, Grayscale Litecoin Trust and Grayscale Digital Large Cap Trust.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/1-844.webp\" alt=\"1-844\" class=\"wp-image-221179\"\/><figcaption class=\"wp-element-caption\">Data: court filings.<\/figcaption><\/figure>\n<p>The initiative could be the first stage in the sale of platform assets, which <a href=\"https:\/\/u1f987.com\/en\/news\/court-approves-plan-for-ftx-to-sell-its-cryptocurrency-assets\"> were valued at $3.4 billion<\/a>.<\/p>\n<p>Earlier in October, creditors and FTX management approved a plan under which clients could expect to recover <a href=\"https:\/\/u1f987.com\/en\/news\/ftx-clients-could-receive-9-2-billion-by-mid-2024\">$9.2 billion by mid-2024<\/a>.<\/p>\n<p>In the same month, the exchange&#8217;s management<a href=\"https:\/\/u1f987.com\/en\/news\/ftx-weighs-three-bids-to-restart-the-platform\"> began considering<\/a> three options for restructuring the platform.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A Delaware bankruptcy judge approved the motion by FTX and affiliated entities to sell Grayscale and Bitwise trust shares worth $744 million.<\/p>\n","protected":false},"author":1,"featured_media":87686,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1162,1236,1214,943],"class_list":["post-87685","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-court-cases","tag-ftx","tag-grayscale-bitcoin-trust","tag-grayscale-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"25","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/87685","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=87685"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/87685\/revisions"}],"predecessor-version":[{"id":87687,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/87685\/revisions\/87687"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/87686"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=87685"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=87685"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=87685"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}