TechFlow reports that FTX's advisors have received court approval to sell nearly $873 million worth of assets held in Grayscale and Bitwise digital trusts.
FTX holds over 32 million shares across the Bitcoin Trust (GBTC), Ethereum Trust (ETHE), Ethereum Classic Trust (ETCG), Litecoin Trust (LTCN), Digital Large Cap Trust (GDLC)—as well as the Bitwise 10 Crypto Index Fund.
The bankruptcy court filing permits FTX's restructuring advisors to sell these trust shares to recover funds for repaying creditors, including exchange customers. Originally valued at $744 million, the shares are now worth nearly $873 million due to the rising value of underlying assets such as bitcoin and ethereum.
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