📢 Genesis seeks bankruptcy court approval to sell $1.6 billion in Grayscale Trust assets. The application includes $1.4 billion in Grayscale Investment Trust shares, $165 million in Grayscale Ethereum (ETH) Investment Trust shares, and $38 million in Ethereum Classic (ETC) Investment Trust shares. GBTC holdings involve assets acquired from the bankruptcy of Three Arrows Capital (3AC) and collateral transferred to Gemini through the Geminion program. A separate request aims to expedite approval, targeting the February 8 bankruptcy court hearing. #CryptoNews🔒📰🚫 #GENESIS #GrayscaleTrust